Thinking of doing my first house flip, is this a good deal?

[Ava G.]

As a background, I don't live in the USA and my market is the Philippines but just the same, I just like to know if this is something I can look further into based from what I learned from BP and other real estate advice I've read so far. Costs are converted to dollars.

Selling Price: $22,193 (foreclosed property)

Floor size: 100 sqm

Lot size: 70 sqm

No. of Bedrooms: 2

Toilet&Bath: 1

Car Garage: 1

I cannot post the property photo but I can somehow describe it. The interior doesn't look like it has major damages as in the walls are intact, a bit dirty, so needs some repainting. The living room & kitchen floors are using white tiles and the room floors are vinyl. The bathroom, that one I think needs some major makeover and also the kitchen area (cupboards look old and unsightly) so if I'd do repairs, most of the expenses would go into these sections. Location-wise is quite good too. It's near commercial areas, schools, and restaurants.

Now to assess its ARV, we don't have websites like Zillow or MLS to check how much properties in the area have been sold (and whether they're brand new or remodeled). But looking at 2 bedroom properties for sale within the same area (as in about roughly 3km radius), what I see are these numbers (F - floor size, L - lot size):

F: 90, L: 100 - $42,537

F: 94, L: 91 - $55,537

F: 72, L: 120 - $33,290

F: 80, L: 80 - $51,000

F: 84, L: 63 - $48,000

And so on.. I've looked at about 15 properties for sale with about the same numbers. They are mostly brand new properties though so I am not sure how important that is in determining how much I can sell the property for if it's going to be refurbished anyway. Let's say the repairs + other costs amounts to roughly $10,000, I can sell the property for $40,000 - $45,000 at least, and it's still cheap compared to the others.

Of course, I need to do further inspection of the property and properly crunch the numbers. But based from the information I currently have, is this something that I can shortlist and consider further? Any other important things that I should take note of?

I am not looking to earn a lot on this flip as it's quite cheap but if I can do it successfully, then I would've gained experience and a bit of cash too.