Loan amount
$118,500
Loan type
Purchase
{Fix&Flip}
After Repair Value
$200,000
{PP:$118,000}
ARV
59%
{ARV}
Property type
Single Family
Borrower Details
Credit score
640
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Covington
State
Kentucky
Loan Details
Purchase price
$118,000
Down payment
$0
Cost of improvements
$15
Estimated property value after repairs
$200,000
Additional Loan Information
This Property has recently been renovated. Everything but the roof and Kitchen. New electrical and plumbing. Kitchen is definitely fine. Not sure how old the roof is but it looks good. Buying from a wholesaler and listing. 2 Comps in the same neighborhood sold for 184 in March and April. House on same street listed for $209.000 8/23 same sqft, one more bedroom.
Status
Open
Created
September 13, 2023 - 2:13pm
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