412 Mara Lane, Red Oak, TX 75154

COLLATERAL

Address: 412 Mara Lane, Red Oak, TX 75154

Bed/Bath/Square Footage: 3/2/1,450 Sq.Ft.

Garage: 2 Car

As-Is Value: $107,000

After Repair Value: $175,000

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LOAN DETAILS

Purchase Price: $107,000

Borrower’s Down Payment: $10,700

Loan Amount: $122,500

     -Acquisition: $96,300

     -Construction: $26,200

LTV: 70%

Term Length: 6 Months

Target Closing Date: 8/28/2019

Funding Commitment by: 8/25/2019

View Borrower Profile

RENOVATION SCOPE OF WORK

Roof-$8,000

Cabinets & Countertops-$1,500

Exterior Paint-$1,700

Flooring-$5,200

HVAC-$1,600

Interior Paint-$2,500

Siding-$1,000

Bathrooms-$500

Appliances-$1,000

TOTAL=$23,000

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INVESTMENT RETURN

Investment: $122,500

ROI: 10% per annum

Monthly Return: $1,020.83

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