Loan amount
$365,000
Loan type
Purchase {Fix&Rent}
After Repair Value
$475,000 {PP:$355,000}
ARV
77% {ARV}
Property type
Townhome
Borrower Details
Credit score
760
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Hialeah
State
Florida
Loan Details
Purchase price
$355,000
Down payment
$50,000
Cost of improvements
$60,000
Estimated property value after repairs
$475,000
Additional Loan Information
Currently under contract- inspection period. Foreclosure fixer upper. 3/2 with added 4th bedroom and sunroof. On a lake, in a sought out area in Hialeah, FL. Could be flipped or rented depending on recently sold properties in the area at the time of completion. Both would be great ROI. I have flipped 3 properties in the past (1 of which was a hoarder house- full gut), have excellent credit in the high 700's and have worked in the financial industry for 18 years.
Status
Created
July 15, 2023 - 9:13am

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