First BRRRR analysis

[Jason Sung]

Hi all, I am new to BRRRR. Do you think this is OK deal or not?

PP: 150k. 
rehab estimate; 40-50k

ARV: 230-250k

Rent potential: 1700 per month

DFW is a hot market and hard to find good deal. 
If total cash in (purchasing and rehab) is 200k, with ARV 240k, I think I can refi 180k (75%) after regab. I will end up leaving 20k.

I think this property also has some appreciation potential as well and want to hold it. 
What do you think?