Is this deal possible

[Gerald Boone]

I have a deal for a House with a balance of $175,000 25 years remaining. The homes in area are currently selling for $85,000. The current debt service is $1,700 including HOA fees. I can get a rent of $1,500 for the house which is 3 bed 2 bath.

How can I make this deal work?  I was thinking of approaching this through a subject to deal.