Loan amount
$74,000
Loan type
Purchase {Fix&Rent}
After Repair Value
$130,000 {PP:$80,000}
ARV
57% {ARV}
Property type
Single Family
Borrower Details
Credit score
740
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Columbus
State
Ohio
Loan Details
Purchase price
$80,000
Down payment
$16,000
Cost of improvements
$10,000
Estimated property value after repairs
$130,000
Additional Loan Information
Project would include cosmetic work. New paint through out the house and on exterior. Redo some finishes within the home but no large structural changes. Project would be refinanced after renovation was completed.
Status
Created
July 19, 2021 - 10:59am

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