Loan amount
$1,150,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$1,600,000
{PP:$850,000}
ARV
72%
{ARV}
Property type
Single Family
Borrower Details
Credit score
590
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Corolla
State
New York
Loan Details
Purchase price
$850,000
Down payment
$0
Cost of improvements
$300,000
Estimated property value after repairs
$1,600,000
Additional Loan Information
purchase 850k; renovation 300k; ARV 1,600000; now under contract, current monthly as STR 7k; booked for 2023
It is ocean front and the value as well as NOI can be doubled by providing addition and changing the structure into a mother-daughter type Airbnb.
It is ocean front and the value as well as NOI can be doubled by providing addition and changing the structure into a mother-daughter type Airbnb.
Status
Open
Created
March 12, 2023 - 12:46am
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