SFR Good vs Bad Deal

[Nad V.]

Do you think this is a good deal? I will have to redo the kitchen and the bathroom. Rental property is high in this area and I know I can get 1850. 

If the is a good deal, I wonder if I should just purchase and flip it, or hold on to it and lease it for a while.

Sale price 135k 

• 20% down (27k)

• 4k estimate closing

• 6-8k renovations

Loan $108k

Value price  of home today is about 235k

Insurance $1500 yr

$580 P&I

$350 Escrow   (Tax $2700 yr, Ins $1500yr)

Mortgage $930 

Rental $1850

37k down payment, closing cost, repairs