● Value: $275,000
● Rent: $1,699/month
● Taxes and Insurance are paid in escrow included in loan payment
● Loan Payment: $1,209.54/month
● Loan Amount: $180,000
● Loan Initiation: 12/14/21
● Term: 360 months
● Loan Type: ARM 5/1 Libor with 5/2/5 Caps, 5-year interest-only, 30-year term
● Margin: 6%
● Rate: 4.75%
● Improvements: New HVAC, kitchen cabinets and appliances, LVT flooring, updated bathrooms, interior and exterior paint, new doors and trim, new windows, new roof, structural support, all new mechanicals.
● Updated Value Justification: Based on appraisal adjustments from 1279 Redford
Drive.