Would you buy a flip in a flood zone?

[Vishesh Shah]

I am a newbie investor that is currently looking into a house flip in Northern NJ. I have a specific house that I like, it is off-market and seems to be a good deal. The only issue with the property is that it is in a flood zone. The comps and everything for other houses in the area work out (atleast what the broker told me). Could someone please advise as to what their opinion is for flood zones, etc. and would they buy the deal? 

Here are some #s on the deal: 125k purchase price, 60k rehabs, comps are 250-270k, 4% commission when sold, $4,600/annual taxes, don't expect it to be more than 60 days on market, as the city (Englewood, NJ) is in demand. Thank you for all the help!