IS THIS A GOOD WHOLESALE DEAL?

[Bobby Jobs]

I just signed a contract with a seller than I intend to wholesale. The property is located a suburb of Detroit (yeah I know) that's mostly blue collar but is growing and has a low crime rate. Anyway here are the details:

- Single Family 3/1.5 Vinyl Sided

- 2.5 Car Detached Garage

- Full Basement (partially finished)

- 1440 sq ft/ Lot size 40x105

- Taxes are $1200 per year

- ARV is $72,000 (Based on MLS Comps)

- Move in Ready with only about $2500 in renovations that could be scheduled in over the next year or so

- Tenants already in place, but below current market rates

- I'm getting it for $50,000

Would this be a good wholesale deal?