Should I close on this Denver Colorado Fix And Flip?

[Steven Silva]

I am STUCK in escrow on a fix-n-flip in West Commerce City (unincorporated Adams county), which is just north of downtown Denver. I am told the court paperwork will take another 3+ weeks process (close around 5/20 I guess). Long story short, wholesaler gave me the OPTION TO BACK OUT and would refund my deposits & earnest money of $8k (I'm inexperienced at how title will deal with reversing closing, waiting to hear back). 

My ARV calculation is the only thing that may make me want to jump ship, as well as opportunity cost of missing other deals while just waiting for this to close as it could take longer than 3 weeks.

Numbers on the deal can be found on the attached screenshot from the bigger pockets flipping calculator. I feel these numbers are VERY conservative... I'll leave it at that. 

4 bed, 1 bath, 1450 sqft, built 1955, new main sewer line in 2015, end of cul-de-sac that leads to school park, 1 block from future 72nd ave N-line light rail station (completed 2018). 

Would you do this deal? 

What would you say ARV is? 4111 E 71st Ave, Commerce City, CO 80022