YAY OR NAY TO THIS DEAL

[Antonio Orange]

Here is my deal. I would say first I don't think there is enough margin for a flip but this would make a nice rental @ $1,000 a month. The house needs the first level hardwood floors redone and also a full paint job. The roof is less than 5 years old and the AC has been serviced. The bathroom looks fine you could remodel it for about $3k.

SELLER WANTS-$50K (trying to get him down to pretty firm on price) PAID $52k in 98 (Property F&C)

AVERAGE PRICE AREA-$63,750(6 comps from 9/2013 3/1

AVERAGE PRICE PER SQ FT-$75.00

2012- Appraisal- $72,000

2013 Appraisal- $81,000