Looks like you'll have about 8% COC, not bad, hopefully paint and lipstick will improve the condition, value and rents.  

Another piece of advice I can offer is to do more than put lipstick on a pig.

Airbnb is trying to put lipstick on a pig here, and it's no accident that this experiment in taking place in a place like Oregon.

If the comp in the area are modern post 2010 houses and you have a 1955 floor plan, don't fall for the trap like I did and put a lipstick fix on a old house (I upgraded everything, plumbing, electrical and HVAC, new roof and a complete make over).

Two and a half week lipstick rehab, two weeks on the market.

I put lipstick on a pig , Made it clean , neat and livable .

The rental rates here started to increase two years ago and there are good opportunities to buy flip houses at good prices or ones that need the lipstick treatment for tenants to move in.  

Or you can do it slumlord style and just put lipstick on a pig and let it be someone else's problem in the future.

Especially where you can make the model work with somewhat lipstick renovation, $15/$20 per sqft - without getting into the gut-out domain.

If its a lipstick carpet paint, in and out, I'm sure he'd take much less.