Loan amount
$150,000
Loan type
As-Is Property Value
$450,000
LTV
34%
{LTV}
Property type
Single family home
Borrower Details
Credit score
750
Deal experience
6 deals
This loan scenario was submitted by a Broker
Property Details
State
Idaho
Loan Details
Additional Loan Information
2 bed 1 bath home with potential to add an additional bedroom and bathroom without expanding the home. There is also potential to convert one of the two garages into a legal additional dwelling unit. Purchase price $400K. Putting down $250K. Renovation budget $25K. 3 month timeline. ARV $450K. Not yet in contract. Property located in Boise. Plan to hold as a rental. Estimated monthly rental income $2,100 after renovations. Prefer 10 year term, 30 year amortization.
Status
Closed
Created
July 28, 2020 - 11:17am
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