Loan amount
$243,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$300,000 {PP:$270,000}
LTV
81% {LTV}
Property type
Single Family
Borrower Details
Credit score
620
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Milford
State
Delaware
Loan Details
Purchase price
$270,000
Down payment
$27,000
Additional Loan Information
The selling price of the property is $270,000 but the As-is value is $300,000 or more. That's $30,000 or more in instant equity. The seller wants to stay in the property and pay a monthly rent of $2,000. The property is in very good condition. It has been taken good care of. It does not need anything to be fixed. In fact it can sell for $349,000 with a rehab of $10,000.
Status
Created
March 16, 2024 - 7:34pm

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