Loan amount
$155,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$225,000
{PP:$125,000}
ARV
69%
{ARV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
775
Deal experience
5 deals
This loan scenario was submitted by a Broker
No
Property Details
City
West Carrollton
State
Ohio
Loan Details
Purchase price
$125,000
Down payment
$20,000
Cost of improvements
$50,000
Estimated property value after repairs
$225,000
Additional Loan Information
4 unit apartment building. 1 story. Exterior needs improvements, assuming all interiors need work. Unable to view the property until in contract. Goal is to fix up & rent short term (2-4) months to traveling professionals.
We currently have another single family property down the street we are renting just the bedrooms out. All 7 are full & we are out of room!
We currently have another single family property down the street we are renting just the bedrooms out. All 7 are full & we are out of room!
Status
Open
Created
May 20, 2023 - 5:19pm
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