Loan amount
$60,000
Loan type
As-Is Property Value
$140,000
LTV
43%
{LTV}
Property type
Single Family
Borrower Details
Credit score
360
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
New Mexico
Loan Details
Additional Loan Information
The property is Bank owned. The bank is owed $50K. The property is in a market where Comps are $130K-155K. I am looking to buy, rehab, and rent; then refinancing after a year. Rehab is minimal; $10K. The market supports renting this for $1350 per month to students of the University 1/4 mile away. The numbers show a greater than 700 p/m positive cash flow.
Status
Closed
Created
July 23, 2019 - 12:08pm
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