North NJ Flip Advice

[Vishesh Shah]

Hi BP family! I am a real estate newbie and want to build wealth through multi-unit rentals. I have not found anything multi-unit so far, so currently I'm doing my first flip in Englewood, NJ. It is a 3 bedroom, 1 bathroom. The house purchase price is 130k. I brought a few contractors with me from my existing businesses for quotes and they estimate about 50-60k in rehabs, depending on how nice we want to make it (i.e. central air, etc.) The comps I got from my broker on the street are 250-260k. Do you guys think this is a good first deal? Also, what other ways can I further evaluate this deal? Thanks!