Loan amount
$111,500
Loan type
Purchase {Fix&Rent}
After Repair Value
$175,000 {PP:$108,000}
ARV
64% {ARV}
Property type
Single Family
Borrower Details
Credit score
631
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Columbia
State
South Carolina
Loan Details
Purchase price
$108,000
Down payment
$21,600
Cost of improvements
$25,000
Estimated property value after repairs
$175,000
Additional Loan Information
This propety is currently a forclosure property with an estimated value of around 150,000. We currently hold equtable interest in this property contingent on a clear title and an exceptable inspection . Purchase price is 108,000 ARV( After Repair Value) is 175,000 . The estimated repairs on this property is 25,000. The ADOM(Average Days On Market) is 8 days. The sold comparisans for this property all sold for higher than listing price. We are currenly waiting on a clear title search expected to come back by the 7th of April. An inspection scheduled following a clear title. We've collected two estimates on repairs expected to come in by the 5th of April. Our closing is on Aprl 30, 2021.
I currently have a Project Manager with over 20 year of experience in property management and real estate. I have a team of agents with years of experience in real estate throughout the Columbia and surrounding areas. Our contractors are experience with references and pictures of past projects.
Status
Created
April 3, 2021 - 4:50pm

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