Loan amount
$40,000
Loan type
Refinance
{Fix&Rent}
After Repair Value
$150,000
ARV
27%
{ARV}
Property type
Single Family
Borrower Details
Credit score
650
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Whitewater
State
Wisconsin
Loan Details
Current mortgage balance
$0
Cost of improvements
$40,000
Estimated property value after repairs
$150,000
Additional Loan Information
I currently own this property free and clear, purchased for $60800, needs aprox $40000 in reno. I can self finance the reno. Property will completely renovated and ready for lease 4/1/2021, hoping to close a mortgage on or close to that day. 30 yr mortgage / taxes are $1962, insurance is $629/yr
Status
Open
Created
January 19, 2021 - 12:36pm
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