Loan amount
$0
Loan type
As-Is Property Value
$90,000
LTV
0%
{LTV}
Property type
Single family home
Borrower Details
Credit score
589
Deal experience
2 deals
This loan scenario was submitted by a Broker
Property Details
State
Texas
Loan Details
Additional Loan Information
Looking at purchasing a property for short-term rentals from a family member. Purchase price $40K. Renovation budget $10K. 2 month timeline. ARV $90K. Not yet in contract. Property located in Port Arthur, TX. Rents of $3,000/mo at 75% occupancy and $3,750/ mo at 100%. 5 year loan duration.
Status
Closed
Created
October 7, 2020 - 2:50pm
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