Estimated Closing Date: 11/18/2021
Property Address: Rosanna St. Las Vegas, Nevada 89117
Parcel Size: .54 Acres
Residential / Building Area: 3 Bedroom & 4 Full Bathrooms 3,416 sq foot Single story home with 4 car garage.
Year Built: 2000
This amazing (3,416 sq ft) one-story home has 2 primary suites. “Great Bones” – but has a dated interior design from construction (2000). There are two new air conditioning units. There are tile floors throughout the main living areas and the hallway. Two full size garages that hold 4 cars. There is a built in alarm system and of course cable ready. This is the perfect home for a Fix & Flip - Remodel.
Loan Amount: $595,000
Approximate Value: $820,000 purchase contract
Loan to Value: 80% based on purchase price
ARV: $ $1,150,000
Loan Term: 12 Months – 3-month interest Guaranteed
Payments: Interest Only Payments
Property Zoning: Single Family Home
Exit Strategy: Sale
Estimated: $110,000 in repairs and update.
Use of Funds: Purchase Money 1st Mortgage