In that value range I doubt it would make a good rental assuming it is an SFR. 

There are a lot of old homes that need updating, price ranging from 50k-100k is what I prefer, with an ARV of 100k-150k.

As for the comps within the block similar homes range from $65000-$85000 and honestly this one would be right up there within the top end by the time it’s completed.

We’ve been casually looking for homes, and have come across the perfect home in our price range, in the perfect location. 

I have found a house in our size/price range (locally...we are not going out of state). 

I once looked into a similar kind of project in NorCal and discovered that the city fees to get utilities on site (water meters at street, electrical transformers, ect) were in a certain range depending on the unit mix.

@Andy Crawford looking past the mechanics for a second - this is one of the most frequently asked questions on BP because there are several options, ranging from straightforward to more complex.

I worked with a broker so they were able to pull a wide range of options.

@Norman T Eng assuming your calculations are correct a cap rate of 3% in Georgia for rents in that range is awful. 

Repairs shpild be in the 5% range.