SFR Detached Investment Property
Subject property is a 2 story detached residence, 6 bedroom, 4 full 1 half bath. The lot is 0.92 acre with swimming pool, putting green, basketball court, and sand volleyball court. The interior has been completely remodeled. We photographed the property and it is in excellent condition.
The property is currently listed for sale at $929,000. Loan will be repaid from sale proceeds.
|Property Type:||SFR Detached, Built 1996|
|Subject Property:||W La Madre Way, Las Vegas, NV 89149|
|House SF.:||+/- 5,009 sf|
|Lot Size:||+/- 0.92 acre|
|Loan Amount:||$ 400,000|
|Appraisal:||See comps below.|
|Loan Exposure (PSF):||$ 79.86|
|Interest Rate:||11% interest only, paid monthly, plus 1 point at closing|
|Debt-to-Income Ratio||40 %|
|Extension Provision:||At lender’s discretion.|
|Collateral:||First Deed of Trust on subject property.|
|Comps:||8910 W La Madre Way sold 11/26/2013 for $625,000 at $124.55/sf;7967 Sherman Oaks Ave sold 10/31/2013 for $1.23M at $283.54/sf;
7941 W Washburn Rd for sale for $750,000 at $136.36/sf;
8040 W Red Coach Ave for sale for $999,000 at $209.39/sf
|Closing Costs:||Paid by borrower|
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.