Loan amount
$235,000
Loan type
Purchase {Fix&Rent}
After Repair Value
$407,000 {PP:$215,000}
ARV
58% {ARV}
Property type
Single Family
Borrower Details
Credit score
630
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Baton Rouge
State
Louisiana
Loan Details
Purchase price
$215,000
Down payment
$10,000
Cost of improvements
$30,000
Estimated property value after repairs
$407,000
Additional Loan Information
This is a property me and my partner are looking at purchasing as an investment property to buy, fix, and rent as a short-term rental. This property is in good condition but requires some cosmetic renovating. To rehab this property we would be prepping and painting multiple rooms, carpet removal and replacing with flooring, cabinets and hardware need to be redone in the den area along with updating the wood mantle for fireplace, and two of the bathrooms need updating with removal of wood flooring and replacing with tile , and removing the old double sink vanity and lighting and installing a new double sink vanity and updated light fixtures and removing the wood paneling from the wall and tub and following through with new sheetrock where the paneling was so it can be continuous from ceiling to floor also removing old tub and installing a new tub and shower head and updating some light fixtures in some of the other rooms of the home.
Status
Created
December 15, 2023 - 10:14pm

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