INVESTING IN WEST MEMPHIS ARKANSAS

[Marco Rafta]

Hello BP,

I was wondering how the current house market is in West Memphis Arkansas? I'm getting invested on a distressed property in the zip code of 72301. I'm buying the house for $12,500 and repairs will cost $28k so Ill be all in on the house at $40,500. I was doing research for other houses in that same neighborhood and online they were estimating the neighborhood comps to be an average of $60k. I was wondering how accurate that is ? 

I ask because I saw another house down the street that was estimated at $80k but is in escrow on MLS for 180k.