Loan amount
$470,000
Loan type
Refinance
{Fix&Rent}
After Repair Value
$1,000,000
ARV
47%
{ARV}
Property type
Single Family
Borrower Details
Credit score
620
Deal experience
5 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Wellington
State
Ohio
Loan Details
Current mortgage balance
$420,000
Cost of improvements
$50,000
Estimated property value after repairs
$1,000,000
Additional Loan Information
We have a beautiful Farmhouse set on 7 acres of land with a wide variety of amentities. 5 bedrooms, 3 full baths, one half bath, living room TV room gourmet Kitchen, reading room, two large porch sitting areas, a stamp Crete lower patio with fire place grills and hot tub, in ground pool, basketball court , game room and fully stocked pond with large fire pit. We would like the money to finish an in-law suite/small apartment so we can do Vacation Rent By owner and Airbnb year round. The property is centrally located with lots of activities nearby, Cleveland, Cedar Point, Lake Erie Amish Country, Findley State Park and many more. In the winter the house can be used for family get aways, or those who like to hunt. We would use this money to complete the project
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
March 2, 2024 - 4:47am
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