Loan amount
$320,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$490,000
{PP:$255,000}
ARV
65%
{ARV}
Property type
Single Family
Borrower Details
Credit score
765
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Sioux Falls
State
South Dakota
Loan Details
Purchase price
$255,000
Down payment
$15,000
Cost of improvements
$80,000
Estimated property value after repairs
$490,000
Additional Loan Information
Found house in that needs a a facelift, landscaping, paint, and a few updates inside but has amazing woodwork and great shape, and comparisons or recently sold properties sold extremely quickly and for amazing prices. The home is definitely a steal for $255,000. Will turn a profit quickly.
Status
Open
Created
April 11, 2022 - 9:07pm
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