Is this a good flip?

[Joshua Blond]

About to close on my first flip. 

5247 Garfield in KC.

Total purchase price after back taxes paid is 9k. My contractor said if we pump 15-20k into this property it can definitely sell for over 50k..

There was a similar property 3527 Brooklyn KCMO a couple blocks away with the same square footage that closed at 67k last week. Please take note that this is considered the "hood" here in KC. The Brooklyn house does have a few things going for it I definitely understand that but i definitely feel as if I can get atleast 50k after rehab on Garfield. A big company called Cerner is breaking ground on a 4 billion dollar project that will bring 60,000 jobs to the area. A couple realtors have advised that the area is in for big changes. I would love to be there for the beginning of this change. 

I also have a very good connection with a good contractor that is a friend of mine which i feel like will definitely work to my advantage in the flipping business.  

Let me know what you guys think!