Sacramento Rental SFR

Sacramento Rental SFR

Property Address

4412 Magnifica Place, Sacramento, CA 95827
  • Loan Number: 7244
  • APN: 074-0350-058-0000
  • County: Sacramento
  • Appraised Value: $235,000.00
  • Purchase Price: $225,000.00
  • Loan Amount: $154,000.00
  • Interest: 11%
  • LTV (Loan to Value): 68% of purchase price / 65% of appraised value
  • Term: 60 Months

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Specifics

SFR with 4-bed/3-bath; 2153 sq ft w/2-car garage

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

The subject property was built in 2007 and is located in a gated community known as Aspen Village. The home has a covered porch, dual pane windows, ceiling fans, central heat and air, concrete patio and fireplace. Our borrower has owned his own software company for over 10 years, and is putting $71,000 down and paying all closing costs. He will be renting the property for $1450 per mo.

Information Subject to Change