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  • Writer's pictureStephen Sinko

Quick Cash for Conversion

Updated: Dec 23, 2021

Estimated Closing Date: 1/8/2021

Property Address: Two Knights Dr. Las Vegas, NV 89156

Parcel Size: 6,534 sqft

Residential / Building Area: Modular Home – to be converted to real property

(1,488 approx. sq ft 3 Bed, 2 Bath & Sitting on .15 acres)

Year Built: 1990

Loan Amount: $30,000.00

Approximate Value: $170,000.00

Loan to Value: 18% based on purchase price

Loan Term: 12 Months – 3 Month Prepay

Payments: Interest Only Payments

Property Zoning: Manufactured Home

To be Converted Modular Home / Single Family

Other useful information for the Investor: Property is fully gated with Bid renovations throughout. Spacious kitchen with island, breakfast bar, white quartz counters, new white shaker cabinets, stainless steel appliances, and upgraded fixtures. Stunning, upgraded bathrooms with brand new vanities, mirrors, hardware, and custom tiled showers. Large backyard with shed and covered parking.

Fix & Flip Borrowers repair estimate attached ($20,925.00) of which $2k is miscellaneous/ Cont. Value according to buyers as finished will be listed at $170,000.00to $190,000.00

Exit Strategy: Sale

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