That boat probably has a negative value... the ouboard needs a lower unit—which is a very expensive part to replace. The sails may or may not fit. etc...
I'd highly recommend you read the Boat Inspection Trip Tips thread I wrote and use it to evaluate any boats you look at.
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You know what the first rule of sailing is? ...Love. You can learn all the math in the 'verse, but you take
a boat to the sea you don't love, she'll shake you off just as sure as the turning of the worlds. Love keeps
her going when she oughta fall down, tells you she's hurting 'fore she keens. Makes her a home.
—Cpt. Mal Reynolds, Serenity (edited)
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Still—DON'T READ THAT POST AGAIN.