Loan amount
$125,000
Loan type
As-Is Property Value
$175,000
LTV
72%
{LTV}
Property type
Single family home
Borrower Details
Credit score
790
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Florida
Loan Details
Additional Loan Information
I’m looking at a single story investment property that has two separate units. One unit is a 1 bed/1 bath and the other unit is a 2 bed/1 bath. It is waterfront on the Gulf of Mexico in Cedar Key, FL. I currently own one vacation rental and I’m looking to expand with this property. It will be completely rented out. The purchase price right now is $150,000. Not yet in contract. I will be talking with the owner negotiating the price when I return from traveling on November 16th. The estimated monthly income is $3000+. I would prefer a longer term, around 10 years, but am flexible.
Status
Closed
Created
November 5, 2019 - 3:32pm
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