Loan amount
$60,000
Loan type
Purchase {Fix&Rent}
After Repair Value
$90,000 {PP:$50,000}
ARV
67% {ARV}
Property type
Single Family
Borrower Details
Credit score
709
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Slocomb
State
Alabama
Loan Details
Purchase price
$50,000
Down payment
$5,000
Cost of improvements
$15,000
Estimated property value after repairs
$90,000
Additional Loan Information
House needs a new roof, floors, bathroom remodeling, and some reconfiguring of the kitchen. Should be able to get it in rentable condition within 6-7 weeks.
Status
Created
April 13, 2022 - 7:27pm

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