Loan amount
$93,500
Loan type
Purchase
{Fix&Rent}
After Repair Value
$175,000
{PP:$25,000}
ARV
53%
{ARV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
580
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
WINNSBORO
State
South Carolina
Loan Details
Purchase price
$25,000
Down payment
$11,999
Cost of improvements
$80,000
Estimated property value after repairs
$175,000
Additional Loan Information
Triplex located 1.5 miles from my primary residence. Currently 100% occupied at $550, $550, and $650. Complete renovation to include roof, HVAC, and plumbing. Estimated rent post-rehab $650, $650, $750. I know the owner and the property is unlisted at the moment. He us willing to sell due to his health.
Status
Open
Created
December 16, 2022 - 9:42pm
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