Please give me your thoughts on this one.

[Gary Heft]

Here's a potential property I looked at over the weekend and would like to know your thoughts.

Single Family home
1200 Sq ft
Purchase price $57,000
Rehab: $2-3k
Previously sold in 1995 @ 94k
Comparable rentals in the area range from 775-900/ mo
Comparable sales range from 87 to 125k

My thought is with some interior cosmetic work, lot clean up and mainly exterior work needed, it should sell quick for somewhere in the 85-100k. It's a mile or two from my house so I'd be doing the majority of the work

Would you guys want to buy and hold or look to flip?

Any insight on the numbers would be great.

Thanks,
Gary