Evaluate This Rehab in Ohio

[Brad Beam]

While out driving today I found a 1083sf 3 bed 1 bath home for sale $8,900 or best offer.  Home has for the most part been gutted to the studs.  Typical homes of this size in good condition sell between 50-60k.  I assuming the I do all the work do you all think this may be a decent deal?  Structurally the house looks sound will need all new insulation, electric, plumbing, and probably plumbing.