Loan amount
$455,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$895,000
{PP:$300,000}
ARV
51%
{ARV}
Property type
Single Family
Borrower Details
Credit score
700
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Stanley
State
Virginia
Loan Details
Purchase price
$300,000
Down payment
$20,000
Cost of improvements
$175,000
Estimated property value after repairs
$895,000
Additional Loan Information
Main house is a 1BR, 1BA wfh 1,500 unfinished sq ft. Plan is to renovate into 3 br, 3 ba. Comps for STR are $45-52k/yr. Guest house is already an active 2br, 2ba house - active rentals on Airbnb. Comps are $38-$48k/yr in rentals.
Status
Pending review: Please check your email. We will be sending you follow-up questions, if needed. Be sure to check your spam folder.
Created
December 12, 2023 - 9:13pm
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