Loan amount
$385,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$550,000
{PP:$335,000}
ARV
70%
{ARV}
Property type
Single Family
Borrower Details
Credit score
580
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Concord
State
New Hampshire
Loan Details
Purchase price
$335,000
Down payment
$10,000
Cost of improvements
$60,000
Estimated property value after repairs
$550,000
Additional Loan Information
This is a no-brainer. A 3 bd, 1 ba home on half an acre in a highly desirable neighborhood in Concord, NH. Close to everything that makes NH special - mountains, lakes and beaches. The home is livable and can be rented today. I want to purchase it and do some updates to increase the rental price I can get for it. My plan is to refinance in 6-12 months after rehab is complete.
Status
Closed
Created
July 18, 2024 - 2:34pm
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