Loan amount
$795,000
Loan type
Purchase {Fix&Flip}
After Repair Value
$1,300,000 {PP:$625,000}
ARV
61% {ARV}
Property type
Single Family
Borrower Details
Credit score
696
Deal experience
107 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Briar Cliff
State
New York
Loan Details
Purchase price
$625,000
Down payment
$50,000
Cost of improvements
$220,000
Estimated property value after repairs
$1,300,000
Additional Loan Information
bRICK PROPERTY IN A HIGHEND AREA OF WESTCHESTER COUNTY, NY. THIS PROPERTY COMES WITH 2 EXTRA SUBDIVIDED PARCELS GIVING US 2 ACRES OF LAND. A BRICK HOME THAT WE ARE ADDING AN ADDITIONAL BEDROOM ON TO AND ENLARGING THE MASTER BED AND BATH AND RENOVATING THE ENTIRE HOUSE COSMETICALLY AND UPGRADING PLUMBING AND ELECTRIC. THE AVG DOM FOR THIS AREA IN THIS PRICE RANGE IS 60 DAYS SO TURN AROUND IS QUICK AND THE AREA HAS SEEN NO DECLINE, ACTUALLY THE OPPOSITE. ITS A SOLID DEAL WITH SOLID COMPS.
Status
Created
November 8, 2023 - 11:02pm

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