Loan amount
$79,500
Loan type
Purchase
{Fix&Rent}
After Repair Value
$160,000
{PP:$50,000}
ARV
50%
{ARV}
Property type
Single Family
Borrower Details
Credit score
732
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Royal
State
Arkansas
Loan Details
Purchase price
$50,000
Down payment
$9,000
Cost of improvements
$38,500
Estimated property value after repairs
$160,000
Additional Loan Information
I have found a diamond in the rough that can easy double the square footage by renovating the "basement", which is actually a lower level with a fire place and doors leading to the back yard. I have the property under contract and the seller is ready to close. Im looking at an ARV of 150k to 165k.
Status
Closed
Created
March 23, 2022 - 9:35pm
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