Loan amount
$110,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$265,000
{PP:$60,000}
ARV
42%
{ARV}
Property type
Single Family
Borrower Details
Credit score
622
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Henderson
State
North Carolina
Loan Details
Purchase price
$60,000
Down payment
$10,000
Cost of improvements
$60,000
Estimated property value after repairs
$265,000
Additional Loan Information
This is my first time trying to flip a house but not my first time fixing a house. I talked to the owner of the property who wants to sell from $40K -$60K. Neighborhood is seeing a lot revitalization. Home needs some improvements that can easily help it sell for at the the very least $265000 like the comp I pulled 287 Chavasse Avenue, Henderson, NC 27536
Status
Open
Created
March 25, 2024 - 1:40pm
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