Loan amount
$40,000
Loan type
As-Is Property Value
$80,000
LTV
50%
{LTV}
Property type
Single family home
Borrower Details
Credit score
650
Deal experience
5 deals
This loan scenario was submitted by a Broker
Property Details
State
Ohio
Loan Details
Additional Loan Information
It is a rental property near the university of Akron. I am going to use it as a college rental and rent it out by room. Purchase price $44K. $5K down. Appraised at $80K. Already in contract. Estimated monthly rental income $1,500-2,000. Prefer long term loan, if available.
Status
Closed
Created
August 7, 2020 - 12:49pm
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