Loan amount
$245,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$375,000
{PP:$260,000}
ARV
65%
{ARV}
Property type
Single Family
Borrower Details
Credit score
680
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Sacramento
State
California
Loan Details
Purchase price
$260,000
Down payment
$45,000
Cost of improvements
$30,000
Estimated property value after repairs
$375,000
Additional Loan Information
This is a fixer upper property located in Sacramento CA in an established neighborhood. Upon inspection it currently has 7 bedrooms and 2 bathrooms but they disclosed 5 bedrooms and 2 bathrooms. This property need renovation from the roof, painting, flooring, upgraded bathroom, kitchen replacement. The exterior needs new siding and garage door. Under the landscape, needs walkway to the back and front driveway, also needs updated fencing. The property has power, gas supply and sewage connection. The project is looking to be completed in 3-6 months.
Status
Open
Created
January 13, 2021 - 11:47pm
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