Im looking to get my first car what do you think?

I found a 1971 Mustang for $2,400 that needs some $$ in parts. Here are the details he gave me-

"Inline 6 cylinder automatic 1971 Ford Mustang Coupe. Power nothing, no AC, no radio. Needs exhaust donut ring, new windshield ( 7 inch crack behind rear view mirror), gear shifter (does the job for now but should be changed), fuel guage, dashboard pad (cracked), front tires & rims ( not horrific for now ), floor pan supports needed but I have the floor pans ( both sides new), new fuel pump, trunk seal, fan belt that just need to be installed. I have put on new passenger side mirror along with, new PCV valve, fuel filter, air filter, just about all hoses & clamps under hood, windshield wipers & fluid line w/T valve, engine thermostat & coolant, oil filter & oil, window seals & felt strips and a few door seals, all new window crank knobs, Hella compressor horn ( never finished the job, needs to be wired but its on there), Grant steering wheel ( I have accessory button that installs on it, can be used for anything) , new Cragar 15X8 rims & BF Goodrich high performance tires on the rear only, starter & solenoid also new ( all wiring for them and also the battery cables new), the previous owner changed the radiator about a month before I got it and I also had the carburetor rebuilt about August" Its just over 35k MI on a rebuilt engine.

I'd like to restore it; do you think 2,400 is to much? Also, do you think it is a good project for a first car?
Thanks,