Loan amount
$156,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$198,000
{PP:$163,000}
ARV
79%
{ARV}
Property type
Single Family
Borrower Details
Credit score
671
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Siloam Springs
State
Arkansas
Loan Details
Purchase price
$163,000
Down payment
$10,000
Cost of improvements
$3,000
Estimated property value after repairs
$198,000
Additional Loan Information
This home was built in 2019, so it’s fairly new and in good shape. It just has some damage to carpets and doors from pets, so the rehab is minimal. It’s not huge profit, but it is safe for a first flip. With the market here in Northwest Arkansas, I will be able to sell it at or above asking price within days.
Status
Closed
Created
June 1, 2021 - 10:38pm
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