Escrow closed 11/29/18.
Modesto, Bloxham St., CA 95355
New 1st Trust Deed Purchase Large Updated Single Family Rental Home on Large Parcel - Popular Area 60 Minutes From Bay Area, Modesto CA Opportunity
**New Purchase Updated Rental Home + Large Cash Down + Low Loan to Value + Strong Borrower Purchase**
Appraised Value: $295,000
Purchase Price: $295,000
New 1st Trust Deed: $227,00
Cash Down Payment: $68,000
Protective Equity: $68,000
Loan to Value: 76%
Term 2 Years with a 6 Month Prepay
You NET: 11.0%
Borrower Credit Score: 635 Fico
Rental to be Income: $1,600
Borrower lives locally and is a Small Business Owner for the last 17 years. The borrower owns another rental home and always looking for more to buy.
**New Purchase Updated Rental Home + Large Cash Down + Low Loan to Value + Strong Borrower Purchase**
Appraised Value: $295,000
Purchase Price: $295,000
New 1st Trust Deed: $227,00
Cash Down Payment: $68,000
Protective Equity: $68,000
Loan to Value: 76%
Term 2 Years with a 6 Month Prepay
You NET: 11.0%
Borrower Credit Score: 635 Fico
Rental to be Income: $1,600
Borrower lives locally and is a Small Business Owner for the last 17 years. The borrower owns another rental home and always looking for more to buy.