● Value: $275,000
● Rent: $1,710/month
● Taxes and Insurance are paid in escrow included in loan payment
● Loan Payment: $1,205.39/month
● Loan Amount: $187,200
● Loan Initiation: 09/27/21
● Term: 360 months
● Loan Type: ARM 5/1 Libor with 5/2/5 Caps, 5-year interest-only, 30-year term
● Margin: 6%
● Rate: 4.99%
● Improvements: New HVAC, kitchen cabinets and appliances, LVT flooring,
updated bathrooms, interior and exterior paint, new doors and trim, structural
flooring beams, new windows, new front and rear steps.
● Updated Value Justification: Based on recent appraisal from 1279 Redford Drive.