Loan amount
$55,000
Loan type
Purchase {Fix&Rent}
After Repair Value
$105,000 {PP:$55,000}
ARV
52% {ARV}
Property type
Single Family
Borrower Details
Credit score
720
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Rome
State
Georgia
Loan Details
Purchase price
$55,000
Down payment
$10,000
Cost of improvements
$10,000
Estimated property value after repairs
$105,000
Additional Loan Information
Market rent is $950-1100. Home needs little renovation to be rent ready. (cosmetic fit & finish, HVAC, and roof). The interior is mostly rent ready. The roof is free of leaks, but the age is unknown so it would only be replaced if budget allows and no other issues are found.
Status
Created
May 6, 2021 - 2:15pm

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