Loan amount
$139,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$154,000 {PP:$160,000}
LTV
90% {LTV}
Property type
Single Family
Borrower Details
Credit score
704
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Kalamazoo
State
Michigan
Loan Details
Purchase price
$160,000
Down payment
$21,000
Additional Loan Information
My plan is to buy the property and hold. The property is currently rented for $1515 with a potential to gain markets rents to $2400 with a little renovation which I would do later to improve the overall value of the property. My LLC looks to invest in properties in stable growing areas with strong job markets and minimal crime. We look to hold the properties for 10+ Years and use the cashflow to generate a return for Investors and the company.
Status
Created
February 16, 2022 - 8:18pm

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