Does this deal makes sense? HELP NEWBIE

[Abbey Giwa]

I identified a property to purchase for rental investment, the owner is a Savvy investor in his own right and running a hard bargain. I really want this property because of its potential and my familiarity of the area. He is asking 200k AS-IS, rehab cost estimate $50K, comps $260K, rental income average $2000/month, TH. I've crunch the numbers trying to deploy BRRR strategy using private money. (6%, 2pts, 65/35 bridge loan, 12 months) it's not adding up. am i missing something. I'm a newbie. please feel free to chime him. I appreciate your comments.