Loan amount
$70,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$200,000
{PP:$99,900}
ARV
35%
{ARV}
Property type
Single Family
Borrower Details
Credit score
715
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Ely
State
Minnesota
Loan Details
Purchase price
$99,900
Down payment
$45,000
Cost of improvements
$15,000
Estimated property value after repairs
$200,000
Additional Loan Information
Im under contract with sellers to purchase this property. Planning on putting new exterior doors, flooring, and kitchen appliances in right away. Replacing siding on back of house and fresh stain on all other siding.
Garage is new in 2015 and roof on house was replaced when garage was built.
This home will double in value with these quick improvements.
This is a rare find in this market that we jumped on as soon as it was on the market and locked down a contract with sellers.
Garage is new in 2015 and roof on house was replaced when garage was built.
This home will double in value with these quick improvements.
This is a rare find in this market that we jumped on as soon as it was on the market and locked down a contract with sellers.
Status
Open
Created
July 22, 2021 - 11:03am
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