Loan amount
$80,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$350,000 {PP:$90,000}
LTV
23% {LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
750
Deal experience
39 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Donnellson
State
Iowa
Loan Details
Purchase price
$90,000
Down payment
$10,000
Additional Loan Information
6 Unit Apartment Building. 5 Unit's rented, one vacant. Cash Flows $2000 currently. After unit six is rehabbed, and the building is enrolled into the section 8 program, the property will Cash Flow at approximately $4800 monthly.
Purchase price is $80,000. Ideal rehabs will cost $40,000; but, minimally, $12,000.
DealCheck is valuating the ARV at $626,000+
Status
Created
November 8, 2022 - 12:46pm

Hard Money Lenders Now Offering Real Estate Investor Loans in Iowa Des Moines | Cedar Rapids | Davenport | Sioux City | Iowa City | Ankeny Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans