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  • Writer's pictureStephen Sinko

Rental for your Mom

Updated: Dec 23, 2021

Estimated Closing Date: 11/30/2020

Property Address: Fort Apache Rd. # Las Vegas, NV 89117

Parcel Size: SFR Condo

Residential / Building Area: 752 sq feet 1 bed & 1 Bath

Year built: 1991

Loan Amount: $94,000.00

Purchase Price: $117,000.00 (11/30/2020)

Loan To Value: 80%

Loan Term: 2 years or 24 months – 3 Months Guaranteed

Payments: Interest Only Payments

Property Description: 1 bedroom, 1 bath first floor Condo in a spectacular guard gated resort style living community! It is in a great location near dining, shopping and freeway access. There is NO carpet in this unit! Amenities here include 3 swimming pools, tennis courts, fitness room, and basketball courts.

Exit Strategy: Will be rented to Grandmother. After stabilization the exit strategy is refinance.

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