1012 McDougald, Humble Tx

SFR Rental Property Purchase – Newly renovated 4bed 2 bath sfr. New value estimated @ $175,000. Lease in place at $2K monthly. 4 sale now at $162,000

Funds Needed: $100k

Loan Position: 1st

Term: 6mos.

Interest Rate: 10%

LTV: 60% of ARV

Amount of Equity Securing Investment: $70k