Loan amount
$185,000
Loan type
Purchase {Fix&Rent}
After Repair Value
$270,000 {PP:$175,000}
ARV
69% {ARV}
Property type
Single Family
Borrower Details
Credit score
730
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Dallas
State
Texas
Loan Details
Purchase price
$175,000
Down payment
$25,000
Cost of improvements
$35,000
Estimated property value after repairs
$270,000
Additional Loan Information
Purchase for 175k.
House sqft: 1086
Standard rectangle house located in mesquite
Strategy: purchase, mostly cosmetic rehab, rent and hold.

Scope and cost estimate:

2k
Demo kitchen and baths
10k
Kitchen cabinets
2- 18 in, 3- 36 in (2 standard, 1 sink)
3- 18 in, 1 36 in, 1 microwave cabinet
Dallas white counter
Stove, micro

5k
Bath 1
Floor tile, vanity, shower tile, fixtures, toilet

5k
Bath 2
Add shower, Floor tile, vanity, shower tile, fixtures, toilet

3k
Paint, texture, baseboard
Baseboard 1 color. Walls 1 color.

2k
Lighting
8 can lights - 2 kitchen, 4 living room, 2 hall, 2 ceiling fans, Bathroom lighting

.5k
Switches, outlets throughout

3k
LVP throughout, except baths

4k
15 piers

Additional items budget permitting:

1k
Paint exterior

8k
Roof

5k
Electrical panel

1k
Bedroom, Closet doors (8)

Comp - 4706 motley dr., mesquite tx 75150. Same floor plan as subject property, sold 02/09/2024 for approx 270k.
Status
Created
February 20, 2024 - 8:29pm

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