Loan amount
$140,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$220,000
{PP:$100,000}
ARV
64%
{ARV}
Property type
Single Family
Borrower Details
Credit score
769
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Susanville
State
California
Loan Details
Purchase price
$100,000
Down payment
$0
Cost of improvements
$40,000
Estimated property value after repairs
$220,000
Additional Loan Information
Wanting to build my rental income portfolio. Have 3 properties currently. Ready to make offer on this deal. Home is vacant and requires new paint and flooring to be rent ready. Fair market rental value for this property is $1400/mo. Will rent right away. Housing shortage in Susanville.
Status
Open
Created
June 21, 2023 - 9:49pm
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