● Value: $325,000
● Rent: $2,000/month
● Loan Payment: $1,698.75/month
● Loan Amount: $236,000
● Loan Initiation: 4/8/22
● Term: 360 months
● Loan Type: ARM 5/1 Libor with 5/2/5 Caps, 5-year interest-only, 30-year term
● Margin: 6%
● Rate: 4.75%
● Improvements: New HVAC, kitchen cabinets and appliances, LVT flooring,
bathroom updates, interior and exterior paint, new doors and trim, new windows,
new roof, structural support, all new mechanicals, converted 3 to 4 bedrooms,
replaced flooring.
● Updated Value Justification: Based on appraisal and structural improvements.