Loan amount
$720,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$750,000 {PP:$750,000}
LTV
96% {LTV}
Property type
Condo
Borrower Details
Credit score
640
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Honokowai
State
Hawaii
Loan Details
Purchase price
$750,000
Down payment
$30,000
Additional Loan Information
I owned in condo in Honokowai, HI from 2016 - 2020 and rented it out via AirBnb (I was a 'Superhost'). I made $3K - $4K/month renting out a 1 bedroom/1 bath condo as my costs were minimal. Unlike most rental properties who pay a large percentage for a 3rd party to manage their property when they're 'off island', my housekeeper acts as both a housekeeper and my 'on-island' contact. She also has connections with plumbers and other 'handy-men' to quickly fix any immediate job needed. I'm looking to increase this profit each month and purchasing a 2 or 3 bedroom condo on Maui.
Status
Created
December 31, 2023 - 10:33am

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