Loan amount
$168,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$200,000
{PP:$120,000}
ARV
84%
{ARV}
Property type
Single Family
Borrower Details
Credit score
436
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Fremont
State
Nebraska
Loan Details
Purchase price
$120,000
Down payment
$2,000
Cost of improvements
$50,000
Estimated property value after repairs
$200,000
Additional Loan Information
2bd one bath in college town looking to do a complete remodel both interior and exterior roofing, siding, windows, doors. Has a one car garage was looking at converting that into a separate apartment to be rented for additional income the garage does need about 15,000 to make it into an apartment. I would also do complete interior redesign ope. Concept and modern design details the asking price for this home is 120,000.00 but I am working with a great realtor that knows the market and suggested we come in with a lower offer in the hopes we get it for a lower amount and maximize roi. I can send over a detailed report based on the current numbers as well as a few different scenarios if you’d like?
Status
Closed
Created
February 14, 2022 - 8:41am
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