Loan amount
$78,500
Loan type
Purchase
{Fix&Rent}
After Repair Value
$250,000
{PP:$30,000}
ARV
31%
{ARV}
Property type
Single Family
Borrower Details
Credit score
540
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Houston
State
Texas
Loan Details
Purchase price
$30,000
Down payment
$500
Cost of improvements
$48,600
Estimated property value after repairs
$250,000
Additional Loan Information
Owner recently decesed. Daughter of decesed taking ownership of the property. Looking to get the place to a livable condition and rent out the spare room and garage.
Status
Open
Created
April 20, 2022 - 3:20pm
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