Loan amount
$119,500
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$239,000
{PP:$128,000}
LTV
50%
{LTV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
620
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Dayton
State
Ohio
Loan Details
Purchase price
$128,000
Down payment
$8,500
Additional Loan Information
Is a duplex in bank foreclosure. Has current tenants at 950 and 750 per month. Current tenants will stay with a rent increase up to 1375 and 1050. Will more than make the monthly payment. Plan to rent out long term and add property to income barring real estate portfolio. Won't last long. Has been on the market almost 5 days now. Want to act fast.
Status
Open
Created
August 30, 2023 - 3:58am
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