Flip Deal - What do you think?

[Erin Weiss]

Here's the deal I'm hoping to get. Please let me know your thoughts.

This is what I like to call a "grandmas house" type of flip. Great liveable house but just needs updating mostly in kitchen and bathrooms. Home was built in the 50s with original owner.

List Price: 95k
Renovations: 18k
Total Cost: 113k
Cost + holding costs + realtor fees: 127k

Potential ARV: 150-170k

Potential Profit: 23 - 43k

According to the 70% calculator a 162k sale price or above would fulfill the 70% rule.

Any thoughts, comments, suggestions?

Thanks in advance!
Erin