First Subject to

[Steven Horvath]

I have what is i beleive a subject to, here is the info i know
they owe 91k at 6.75% 22 yrs left 1013 a month, she says she can refi and get the payments down to 892/m w a 4.5 interest payment.
needs 3-4 k in rehab
house is worth 115 ARV.
Single family
3 beds
2.0 bath
1,496 sqft
Lot 6,455 sqft
Built in 2001
They would let me take over payments, and i know that i cannot do a assumable mortgage, so i am assuming this would be a subject to? would this deal cashflow if i could get the payments down to 892 a month? i can rent for 1200 a month, and am not able to get any other deals goin right now. any thoughts would be great!
steven