Loan amount
$444,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$650,000
{PP:$439,000}
ARV
68%
{ARV}
Property type
Single Family
Borrower Details
Credit score
515
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Tivoli
State
New York
Loan Details
Purchase price
$439,000
Down payment
$50,000
Cost of improvements
$55,000
Estimated property value after repairs
$650,000
Additional Loan Information
4 bedroom, 2500sqft Home nestled on broadway, about 5 min walk into town. Tivoli is a trendy, wealthy student town (Bard College) with a large number of students. Studen housing is tough to come by as it's usually full. Rents for rooms usually go for around $1000-$1500 per month.
I want to acquire the property, lightly renovate the interior and exterior; most likely get a new roof, and paint. The inside is already in fantastic condition, and would mainly be focusing on the appearance vs new fixtures. Kitchen I will upgrade to stainless.
I recently acquired and renovated a home in the same area for $833k and it's now worth approximately $1.4M.
I want to acquire the property, lightly renovate the interior and exterior; most likely get a new roof, and paint. The inside is already in fantastic condition, and would mainly be focusing on the appearance vs new fixtures. Kitchen I will upgrade to stainless.
I recently acquired and renovated a home in the same area for $833k and it's now worth approximately $1.4M.
Status
Open
Created
April 2, 2023 - 2:11pm
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