Loan amount
$45,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$110,000
{PP:$40,000}
ARV
41%
{ARV}
Property type
Single Family
Borrower Details
Credit score
569
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Powderly
State
Kentucky
Loan Details
Purchase price
$40,000
Down payment
$5,000
Cost of improvements
$10,000
Estimated property value after repairs
$110,000
Additional Loan Information
house needs remodel, steps are as follows.
1.Install metal roofing
2.replace kitchen counter and cabinets
3.install insulation and drywall thoughout ceiling of entire home.
4.install tile flooring in kitchen
5.install tile flooring for 2' at the double door opening leaving living room.
6. new tub and toilet and vanity followed by tile flooring in bathroom.
7.1 of the bedrooms needs new subfloor then carpeting.
8.install new HVAC unit.
9.update all light switches and outlets and paint entire interior of home.
1.Install metal roofing
2.replace kitchen counter and cabinets
3.install insulation and drywall thoughout ceiling of entire home.
4.install tile flooring in kitchen
5.install tile flooring for 2' at the double door opening leaving living room.
6. new tub and toilet and vanity followed by tile flooring in bathroom.
7.1 of the bedrooms needs new subfloor then carpeting.
8.install new HVAC unit.
9.update all light switches and outlets and paint entire interior of home.
Status
Open
Created
March 31, 2022 - 1:25pm
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