First potential deal - help!

[Sarah Carlson]

Expertise needed! I have a connection with an REO listing agent and just received the price to a property from the bank pre-MLS so I have first dibs to send in an offer that I need to submit tomorrow morning. I'm not sure if this works for wholesaling.

REO in Antioch, CA
3/2, 1335 sqft, SFH, built in 1990, nice development
Bank price: 133K

Similar recently sold properties range from 140K - 160K
Estimating repairs: carpet, paint, 1 window screen, back patio step, base-cove in 1 bathroom needs repair. Approx total repair price: 15K

Monthly Rent - $1500
Rental Expenses - $750 (50% of the Monthly rent)
Positive Cashflow - $750

Does anyone see this as a good deal?

Any advice is much appreciated. Thanks in advance!