Loan amount
$100,000
Loan type
As-Is Property Value
$140,000
LTV
72%
{LTV}
Property type
Single family home
Borrower Details
Credit score
560
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Ohio
Loan Details
Additional Loan Information
This house has been on the market for 365 days. They are asking $89K. I will offer them $60K; no more than $73K. But is undervalued by 51%. It will take $35-40K to rehab. Median home values in the area are $180K. ARV of $130-140K on a half-acre of land with a detached two-car garage. Full deck across the back. Profit of $50-60K. Located in New Richmond Ohio 45157.
Status
Closed
Created
February 23, 2020 - 9:01am
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