On Vref, I did a breakdown:
Using TT of 5,280 with 0 SMOH, not adding in any interior improvements, and just needing paint = $24,354
-10% to reflect average market pricing = $21,920
-$2,800 for mags = $19,120
-$12,000 for rebuild = $7,120
One could conceivably do an engine swap, and that would change things. I did look into it briefly, but I am moving to a 4-place soon.