IS THIS A GOOD DEAL?

[Bobby Jobs]

I'm approaching a contract with a seller that I intend to buy and hold or whole sale. The property is located in a suburb of Detroit (Eastpointe). Here are the details.

- Single Family 3/2 All Brick

- 2.5 Car Detached Garage

- Full Basement

- 1200 sq ft/ Lot size 60x120

- 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 at $950

- I'm getting it for $50,000

Would this be a good deal?