First flip, what do you think?

[Jeremy D.]

List price is $125k. It's a short sale and new to the market. Listing agent thinks bank will accept $85k. It needs $6k of work. ARV is $125k-$130k.

My investment would be $95.5k ($85k price + $6k reno + $3.5k closing costs + $1k holding cost).

Net at close would be $115k ($125k ARV - $10k selling costs).

Profit = $19.5k

Thoughts? I have a bunch of rentals but this would be my first flip.