Buy and Hold feedback

[Lee Oday]

I have the opportunity to help out an old friend in moving his Estate property. However, I'm not sure if its a marketable deal. They want too much for a fix and flip however they are willing to sale it 30K-35K below market value. It needs minor work to begin renting out but the last thing I want to do is not deliver. I've never marketed a buy and hold and I don't want to come across incompetent to my buyers list.  The cap rate is around 7% and the appreciation is very strong.  I'm looking for an overall assessment of the numbers. 

Buy: $220K

Repairs: $5K

Rent: $1,800

Market Value: $250K

Thanks in advance. I appreciate the feed back both good and bad.