Loan amount
$70,000
Loan type
Purchase {Fix&Flip}
After Repair Value
$160,000 {PP:$40,000}
ARV
44% {ARV}
Property type
Single Family
Borrower Details
Credit score
600
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Rochester
State
New York
Loan Details
Purchase price
$40,000
Down payment
$5,000
Cost of improvements
$35,000
Estimated property value after repairs
$160,000
Additional Loan Information
Single family home ina desirable neighborhood. Similar houses sold in the 150,000 to 160,000 range this past year. I intend to make necessary repairs which include a new roof, new windows and interior cosmetic work in a 6 month time frame and out the house on the market early this coming summer. The current owner offered me the property for 40,000( his loan payoff) Accepted offer!
Status
Created
January 26, 2021 - 5:42pm

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