Single Family Home in Las Vegas

Single Family Home in  Las Vegas

Deal Summary:

Subject property is a 2-story detached single family residence, 5 bedrooms, 3 full, 1 half bathrooms.  The unit was constructed in 1998 and is in excellent condition.  The property will be used as an investment property. 

Exit Strategy:

He will also be working with an institutional lender for a refinance early next year after filing his tax returns.

Loan Information:

Property Type: SFR Detached, Built 1998
Subject Property: Falls Church Ave, Las Vegas, NV  89144
APN #: 137-25-517-008
House SF.: +/- 3,229 sf
Lot Size: +/- 0.26 acre
Loan Amount: $ 335,000
Purchase Price: $ 516,000  ($ 159.80  per SF)
Appraisal See comps below.
Loan Exposure (PSF): $ 103.75
Loan-to-cost: 64.92 %
Interest Rate: 12% interest only, paid monthly
Debt-to-Income Ratio 50.8%
Maturity: 24 months
Extension Provision: At lender’s discretion.
Collateral: First Deed of Trust on subject property.
Comps: 10608 Engelwood Cliffs Ave, for sale for $349,987 at $146.37/sf;10313 Carolina Hills Ave, sold 4/4/2014 for $399,000 at $135.99/sf;10429 Carmel Mountain Ave sold 6/6/2014 for $410,000 at $139.74/sf;1408 Pintail Point St, sold for $350,000 at $149.38/sf
Closing Costs: Paid by borrower

 

Las Vegas,  SFR Detached Property Maps Maps Investment

 

Disclaimer:

This information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information.  Recipient must verify the information and bears all risk for any inaccuracies.