Your CPA will walk through the math. 

So some math now:$372K Proceeds from sale.About $27K in expenses I can account for (table below), there is an additional $2k in expense from a washer and dryer, and no more than $8k in total taxes.

I would say the rough math checks out to be a solid deal.

A 60% return on investment...that's the math on an investment of $500,000 and a Returned Amount of $800,000.  60%. 

There are a lot of triggers being pulled in Baltimore.For very easy math, on a normal priced house expect 3% in closing costs.

I wouldn't at all be surprised if that type of analysis revealed that this is a phenomenal offer that you just got, relative to what others in the flood zone are selling for.Lenders do not typically include flood insurance in the preapproval math.

If you do the math this is likely to be the better investment. 

Sometimes your rent may only be able to be bumped from $750 to $760 after $4k in new flooring... according to the math it would be dump to do that improvement.

I do have a few contractors I know personally I could probably lean on, though.Let's do some rough math if you buy the home cash for $20,000 and it rents for $650/month.

Do the math on rent to income ratio.