Loan amount
$52,500
Loan type
Purchase
{Rent&Hold}
Property value
$100,000
{PP:$72,500}
LTV
53%
{LTV}
Property type
Single Family
Credit score
767
Deal experience
None
This loan scenario was submitted by a Broker
No
City
Detroit
State
Michigan
Purchase price
$72,500
Down payment
$20,000
Additional Loan Information
I am a new real estate investor looking to purchase my first rental investment property. I am looking at properties in Detroit Michigan.
I want to put an offer on 17111 Curtis. The asking price is 72,500. The property already has a tenant paying $1100 a month. I think this would be a good investment opportunity. I have 20k in capital.
I want to put an offer on 17111 Curtis. The asking price is 72,500. The property already has a tenant paying $1100 a month. I think this would be a good investment opportunity. I have 20k in capital.
Status
Pending review: Please check your email. We will be sending you follow-up questions, if needed. Be sure to check your spam folder.
Created
May 18, 2023 - 10:05am
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