Loan amount
$275,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$300,000
{PP:$285,000}
LTV
92%
{LTV}
Property type
Single Family
Borrower Details
Credit score
580
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Myrtle Beach
State
South Carolina
Loan Details
Purchase price
$285,000
Down payment
$10,000
Additional Loan Information
Looking to purchase short term vacation rental property in Myrtle Beach. Property is located within Ocean Lakes campground, which is highly desired destination. This property generates great rental income, estimated 90k annual at 80% occupancy.
Status
Open
Created
April 12, 2023 - 11:46am
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