Loan amount
$250,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$250,000
{PP:$225,000}
ARV
100%
{ARV}
Property type
Single Family
Borrower Details
Credit score
680
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Hoover
State
Alabama
Loan Details
Purchase price
$225,000
Down payment
$0
Cost of improvements
$25,000
Estimated property value after repairs
$250,000
Additional Loan Information
STR and MTR investment. Property needs minor repairs and will also need furnishings. Opportunity projected $72K annually.
Replicate process applied from 1st property successfully operating at >100% projected revenue MoM at 120 days from launch. $48K annually, 30 days to first booking, 60 days to 2, 90 days to $2K rev, 120 days to $4K, $12K rev since go-live 8/27/22, operating expenses >20%.
Replicate process applied from 1st property successfully operating at >100% projected revenue MoM at 120 days from launch. $48K annually, 30 days to first booking, 60 days to 2, 90 days to $2K rev, 120 days to $4K, $12K rev since go-live 8/27/22, operating expenses >20%.
Status
Open
Created
December 12, 2022 - 7:06pm
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