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  • Writer's pictureStephen Sinko

No longer lost - Conversion to Real Property

Estimated Closing Date: 6/15/2021

Property Address: Lost Hills Dr Las Vegas, NV 89122

Parcel Size: 6,098 sq feet

Residential / Building Area: 2 Bedroom & 1 ¾ Bathrooms, 1,464 sq ft single story converted modular home. DI Mobil Estates

Year Built: 1979

Property Information: Simply stunning 2 bed, 2 bath home w/2 car tandem carport. As you enter, you will find this freshly remodeled beauty a perfect place to call home. Low maint. laminate wood floors thru-out, new carpet in the bedrooms, upgraded base boards, fresh paint & new roof. Spacious family room w/abundant windows gives natural light & conveniently flows into the breakfast bar/island kitchen & features new shaker style cabinetry w/a lazy Suzan, stainless steel under-mount sink & fusion style faucet, composite solid surface counter tops, stainless steel appliances & built in microwave. Detailed w/matte black hardware thru-out this home offers spacious living w/a modern feel. From the kitchen you will notice the ample dining room w/slider access to the covered patio through to the rear yard & shed for extra storage space. The owner suite includes a spacious bath w/step-in shower, rain shower head & separate garden soaking tub.

Loan Amount: $100,000.00

Approximate Value: $186,000.00

Loan to Value: 53.7% based on purchase price

Loan Term: 60/360 Months - 5 years

Payments: Interest Only Payments

Property Zoning: Single Family Residential

Exit Strategy: Refinance – borrowers believe they will credit qualify in the next 6 months.

Use of Funds: Purchase Money 1st Mortgage

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