Investment Opportunity for short term loan with 10% return Sold

  • 3 beds
  • 2 baths
  • 1300 sqft

ARV – $125k – $135k

Repairs $7-12k

Market rent: $900-1000

Loan for $72,000 at @10% interest-only payments of $600/mo for 6 months. Loan includes acquisition costs and rehab costs.

Exit strategy is to sell on MLS for retail for ~$125K

Loan to Value (LTV): 58%

*Under Contract* – Closing in less than 30 days

Brand new ceramic tiles throughout the kitchen and bathrooms. Bathrooms are updated (2 brand new smart toilets)

All new hardwood floors in other common areas. House is 1300 sq ft with a screened in porch on the back with a fan

There is an additional 650 sq ft attached to the main frame of the house that are two big rooms. 1 upstairs, 1 downstairs. This mini pad is unfinished. (Used as storage right now)

Will replace roof and remaining repairs are cosmetic which involve mostly clearing out leftover personal possessions, touch up paint, and retail cleaning.

 

 

 

Address:
1714 E Carmichael St
Cabot , AR 72023
Square Feet:
1300
Lot Size:
2 acres
Bedrooms:
3
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1966
Basement:
Additional unfinished “mini apartment” built onto main frame 650 sq ft

Call (501) 831-6919 for more details

Property Location