Loan amount
$85,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$225,000
{PP:$85,000}
ARV
38%
{ARV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
610
Deal experience
11 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Billings
State
Montana
Loan Details
Purchase price
$85,000
Down payment
$10,000
Cost of improvements
$10,000
Estimated property value after repairs
$225,000
Additional Loan Information
Unrestricted/unzoned land, located in fast growing area, steady development of multiple subdivisions. Property has large garage space, was used as mechanic workshop and rental. Two mobile homes, in need of repairs, rental potential $700-900 ea. 4 car garage/workshop + apartment $2000-$2800 potential rent. Semi trailer box storage $150-$200 monthly rental potential. The area has many different housing and or commercial properties and uses. I am looking to purchase now.
Status
Open
Created
April 26, 2023 - 10:12am
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