Thoughts on this deal??

[Matt B.]

Need some advice on a deal, what are your thoughts below???

Ideally would like the BRRRR or can flip as another exit strategy

4 bedroom 2 bath, 1400sq ft in Addison IL, off market deal, horder house that needs to be thoroughly cleaned.

$120,000 purchase price with a conservative $250,00 ARV

Roughly $60,000 in renovation

Conservative rent $1800 month

I've got roughly $200k in capital(HELOC/Savings combined)

With the current situation in our world it’s nerve wracking obviously, thanks in advance for the advise.