BRRRR Deal Analysis - Gloucester City, NJ

[Joe P.]

Hi all - hoping to have some feedback on this deal for Gloucester City, NJ

https://www.biggerpockets.com/brrrr-calc/1408045

This house is a 3/1 and I'm looking to purchase for $45,000, rehab for approximately $30,000, and refinance at an ARV of $110,000 (70% LTV - $77,000), which would cover purchase/rehab.

I'm worried its a bit tight with the cash flow, but I tried to be as conservative as possible with all estimates including growth of rents/area.

Would appreciate feedback!