Loan amount
$80,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$170,000
{PP:$50,000}
ARV
47%
{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
Redford
State
Michigan
Loan Details
Purchase price
$50,000
Down payment
$30,000
Cost of improvements
$60,000
Estimated property value after repairs
$170,000
Additional Loan Information
This home is located in Michigan between Redford in Detroit homes in the area right now ARV is 170 to 160. The home itself is $50,000. It’s gonna take briefly $60,000 worth of renovation to bring it to the 170 thousand range. there are several houses in this area that I’m using for comps comps available on request.
Status
Open
Created
December 10, 2023 - 5:00pm
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