Escrow closed 5/26/17.
Manteca, Aldwina, CA 95336
**New Purchase Charming Updated Rental Home + Large Cash Down Payment + Low Loan to Value + Great Rental Income + Strong Borrower**
Appraised Value: $420,000
Purchase Price: $428,000
New 1st Trust Deed: $314,000
Protective Equity: $114,000
Loan to Value: 73% Ltv
You NET: 10%
Term: 2 Years with 6 month prepay
To Be Rented for: $2,950
Borrower Credit: 632
Borrower is a small business owner for the last 16 years. The family also owns 2 other rental homes and a commercial property in Northern CA.
Appraised Value: $420,000
Purchase Price: $428,000
New 1st Trust Deed: $314,000
Protective Equity: $114,000
Loan to Value: 73% Ltv
You NET: 10%
Term: 2 Years with 6 month prepay
To Be Rented for: $2,950
Borrower Credit: 632
Borrower is a small business owner for the last 16 years. The family also owns 2 other rental homes and a commercial property in Northern CA.