Loan amount
$185,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$200,000 {PP:$185,000}
LTV
93% {LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
553
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Earle
State
Arkansas
Loan Details
Purchase price
$185,000
Down payment
$0
Additional Loan Information
Total of 3 houses and an 8 unit complex. Units are spacious. Apartments are freshly painted, have central heat & air, separate water, electric and gas meters. Tenants pay all utilities. Houses need TLC. Property needs better management. Near Memphis & Fed Ex Distribution Center. Only $16.8k per unit!! Will generate a 14.97% NET RETURN ON INVESTMENT!!
Do not miss out on this opportunity
Status
Created
June 15, 2021 - 7:34pm

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