Loan amount
$86,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$166,000
{PP:$81,000}
ARV
52%
{ARV}
Property type
Single Family
Borrower Details
Credit score
767
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Cherryville
State
North Carolina
Loan Details
Purchase price
$81,000
Down payment
$20,000
Cost of improvements
$25,000
Estimated property value after repairs
$166,000
Additional Loan Information
This property will be a fix and rent. The property is currently 3 bedrooms 1 bathroom. After repairs utilizing the extra room, the property will be 3 bedrooms 2 bathrooms. Also painting updating the windows and floor should see the property value raise to 166K which is comparable to other 3 bed 2 baths sold in the area.
Status
Open
Created
September 1, 2021 - 8:35am
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