Home Purchase

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Hi, this is my first post to Bp and I need help making sure this home purchase is a deal or should I walk away. Here is the info on my current home.

My current primary home is worth about $80k and I owe $28k on my 15 year loan. I've been knocking out principal every month and would have it paid off in about a year.

There is a house about 3mins from my current location that's been on the market a while almost a year it was listed at $200k and over time as dropped to $100k. The owner lived in it for a while but moved about 10 hours away an it was rented. The renters torn it up and the owner just wants to sell now.

There was a $25k price drop last week the house is 4 to 5br, 2 full bath, and 2 half baths. Also as a 2 car garage and is around 3,000sq. It needs little repair around $5,000 unless the hvac needs to be replaced since it hasn't been checked.

Homes have sold from $200k to $120k more from $150 to $200k range over the last 2 years. Tax value is $158k and I think I could get it for $70k what do you guys think?

This would be my primary home and I would make my current home a rental. I think I could get a loan for $130k enough to pay off my current and money to update the new one. My current home would rent for $600 a month.

Please let me know if you guys need more information. Thanks for all your responses in advance.