Initial cash flow estimations looks like these will provide solid returns financed or free and clear. 

In addition there are two similar homes (same plan) that are valued btw 150 -160 on Zillow (ya, I know that's is not the ideal thing to go by:))I will be looking more at this to verify my rehab estimate as well.Looking to have full financing (100% from bank or current equity) and turn in 4 - 5 months max.Any advise or help would be greatly appreciated.thanks

The capex expenses, new A/C, new roof in the timeframes you estimate, combined with normal operating expenses will eat up your profits for sure.However, there could be an appreciation play here.  

Buying a house without some clue of the repair estimate could be very risky?

He also liked my estimate.

The final numbers have to be delivered to the borrower 7 days prior to funding, not 3-5.The Initial disclosures used now (good Faith Estimate and Till) are also being replaced by a combined document that is called a Loan Estimate Forms Set, and have to be delivered to the borrower in the same 72 hours from application being taken time frame. 

Comps in the area peg this property at $25K and repairs are estimated at about $4K.

I say "seemingly" because I don't know what you are budgeting your CapEx to be and how realistic that estimate is.That tenant is what makes that house. 

Hello,I have a 2650 square foot, two-story home (4 bedrooms/two bath) that needs a complete remodel and upgrade, inside and out, plus a new patio cover. Also new flowerbeds and new landscaping.What would be a fair, bu...

As much as our loan officer believes it has a 6.4% cap rate once stabilized, his "estimated market rents" are still $300/month/unit below what the market will bear.