Tangled in the Woods

Property Address: Tanglewood Dr Henderson, Nevada 89012 (Green Valley Ranch)

Residential / Building Area: 2 Story – 1,602 sq foot 3 Bedroom 2 1/2 Bathrooms with swimming pool on a .13 acre lot. Built in 1995.

MLS Description: PRICE DRASTICALLY REDUDCED FOR CASH BUYER. OWNER NEEDS SOLD NOW NEEDS SOME TLC BUT PRICED ACCORDINGLY AND WAY BELOW MARKET PRICE EXTRA LARGE LOT SIZE FOR THIS POOL HOME WITH 3 BEDROOM + LOFT 2.5 BATH IN GREAT HENDERSON NEIGHBORHOOD. ENTRY HAS CATHEDRAL CEILINGS, TILE FLOORING DOWNSTAIRS EXCEPT FOR MASTER BEDROOM/ HOME HAS NEW CARPET, NEW PAINT, NEW BLINDS AND NEW DISHWASHER. WASHER/DRYER/FIREPLACE 2 CAR GARAGE FANTASTIC OPPORTUNITY FOR BUYER.

Loan Amount: $356,000.00

Borrowers Estimated Value: $445,000.00 purchase contract

Loan to Value: 80% of PURCHASE CONTRACT

ARV: $580,000.00

Loan Term: 6 Months (I.O.) – 3 month guarantee

Use of Funds: Purchase Money 1st Mortgage

Exit Strategy: Rental Refinance

Property has been well maintained and cared for. Borrowers believe it just needs to be slightly updated and detail cleaned. Once stabilized with rental – will Refinance.

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