[Calc Review] Help me analyze this fix & flip

[David Stewart]

Hi, I'm a new Pro member, and looking for a first opportunity. Here's a home in a 55+ community, bank-owned (as far as I can tell, no heirs could be found, so bank bought it). The house is cigarette tar-laden, so it needs a good cleaning of walls and . . . well, all the surfaces, probably paint, new carpet, and maybe some new bathroom porcelain. It's about 1350 sq ft, 2 bedrooms, 2 baths, 1-car garage.

I think it can go for $85K based on knowledge of the community and sales, possibly $90K. Have to put 30% down due to community rules, but still a small mortgage.

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*This link comes directly from our calculators, based on information input by the member who posted.