Loan amount
$89,000
Loan type
As-Is Property Value
$95,000
LTV
94%
{LTV}
Property type
Single family home
Borrower Details
Credit score
605
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Florida
Loan Details
Additional Loan Information
Looking at 2/1, year lease tenants, buy & hold, purchase price $75k, ARV $95k, annual gross scheduled income $12k, annual operating expenses $3857, annual NOI $8143, cocR $9.16%, monthly cash flow $678, current tenants with annual lease to be honored by new owner. I've been analyzing deals for over a year, renting here for over 30 years, tracking sales and rental trends here for over 10 years. More details upon request. $10K down. 1 week renovation. Not yet in contract. Property located in Tampa, FL. Prefer 120 month loan with early payoff.
Status
Closed
Created
June 2, 2020 - 9:08am
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