Looks like a pretty nice specimen for a 27 year old car, but there is that common 5th gen Civic rust around the rear wheels. Definitely would check underbody rust and how extensive the frame damage is.
Also would definitely ditch those heavier wheels and put the 9.7lb VX rims back on.
$1200 isn't much and the car isn't going to be perfect, but obviously you'd need to check to make sure it's safe and isn't going to rust out on you in the next couple of months.
But lean burn, baby.