Abilene Buy and Hold or Flip?

[David Light]

I have a 3 bed 2 bath under contract in Abilene and the current debate is buy and hold or flip.Here are the deal details:

Purchase: 64,900

Repairs: 16,811

Holding Costs during Repair: 2,500

ARV: 110,000 - conservative numbers as comps from realtor showed support for 120,000

Property Taxes - 2,090 a year and home insurance is roughly 750 a year

Estimated Rent: 1,050 per month

Financing: 80% of purchase price at 5%, 20% down, repairs come out of my pocket and HELOC at 6% if needed

So what do you think? Would I get the best return on my money renting or flipping? I don't have plans to purchase another property soon so would be fine with leaving the equity in the house if that was the better route.

Any feedback is appreciated!