Found a possible deal how to estimate rehab

[Angel Moreno]

Found a duplex through cold calling high equity/absantee owners. Went to go see the property found the following:

The after ARV is approximately around 110k from comparing other duplexes sold in the area.

Owner has spent $20k in fixing it up.

- new siding

- New backyard fence and porch

- new copper water lines

- new electrical

Roof is 8-10 years old

First floor is 2 bedrooms about 1000 square feet but is not finished. Needs drywall ceiling flooring.

2nd floor is recently remodeled but I wasn’t able to look inside as he didn’t let his tennants know beforehand.

He told there’s approximately 15k of work to be done.

So should my offer be $110k * 70% - $15k?

He’s retired and wants to get rid of it...