Calaveras County Rental SFR

Calaveras County Rental SFR

Property Address

5436/5340 Hawver Road, Mokelumne Hill, CA 95245
  • Loan Number: 7817
  • APN: 016024074000 and 016024057000
  • County: Calaveras
  • Appraised Value: $273,000.00
  • Purchase Price: $266,500.00
  • Loan Amount: $182,000.00
  • Loan Position: 1st
  • Interest: 10%
  • LTV (Loan to Value): 68% of purchase price / 67% of appraised value
  • Term: 36 Months

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Specifics

SUBJECT PROPERTY: 5436/5340 Hawver Rd, Mokelumne Hill, CA 95245 

1-bed/1-bath SFR; 1104 sq ft on two combined parcels of 14.13 acres

APN: 016024074000 and 016024057000 


APPRAISED VALUE:
$273,000.00 

PURCHASE PRICE: $266,500.00

LOAN AMOUNT: $182,000.00

POSITION: 1st

INTEREST: 10%

TERM: 36 mos

LTV: 68% of purchase price/67% of appraised value 

 

There is a late charge of 10% of the payment (after 10 days)

There is no prepayment penalty on this loan

This loan contains a balloon payment

 

SPECIFICS:  Our borrower has a mid-FICO of 649 and is purchasing this property as an investment/rental. After performing cosmetic improvements he will be marketing the property for rent at $2000 per mo.