Loan amount
$215,000
Loan type
Purchase {Fix&Rent}
After Repair Value
$315,000 {PP:$225,000}
ARV
68% {ARV}
Property type
Single Family
Borrower Details
Credit score
740
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Big Piney
State
Wyoming
Loan Details
Purchase price
$225,000
Down payment
$45,000
Cost of improvements
$35,000
Estimated property value after repairs
$315,000
Additional Loan Information
Signed purchase contract. Former owner was my CPA before he passed. Property is 1925 Sears kit home on 2 acres with detached 2-car garage, shop and carport. There are a lot of original features but the property needs new gutters, furnace and water heaters that are more efficient, the pellet stove needs replace or repair. Landscaping for some curb appeal. New roof about 5 years ago and the second story was remodeled a few years back.
Status
Created
February 5, 2021 - 12:07pm

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