Advice on a SFH in Jacksonville, FL from wholesaler

[Yaron Avidan]

Hi all,

Looking for advice from locals on this deal from a wholesaler.  It's a fixer-upper property in zip code 32209 on Edgewood Ave.

Year built: 1956

Size: 1973 Sqf

4 beds 2.5 bath 

Lot is about 7000sqf with lots of trees that will be attended to during the rehab.

Price: 40K

Est rent: $1000

Est net rent after expenses: $560

Est rehab cost: $20K 

Est ARV: $75K

Looking forward for your feedback on this and similar properties in the range of 75$ after rehab in Jacksonville. Are those going to make good cashflow properties? 

I think it was purchased last year for half the price by the wholesaler $20K.

Thank you!