Need Help Evaluating

[Brian Fazekas]

So, I have been flipping for several years now, but the MLS has dried up over here and tried some yellow letters. The phone is ringing and found a potential deal. What would you do? Here are the specs.

$42,000 Purchase

$15,000 Closing, New Roof, Chimney, and Appliances

After these repairs the property would be worth $70,000 - $75,000 or could get rent for $850 /  mo.  

Is there a deal?  What would you do?