San Diego Rental SFR

San Diego Rental SFR

Property Address

2920 Webster Ave, San Diego, CA 92113
  • Loan Number: 7604
  • County: San Diego
  • Appraised Value: $185,000.00
  • Purchase Price: $184,000.00
  • Loan Amount: $128,800.00
  • Loan Position: 1st
  • Interest: 10.25%
  • LTV (Loan to Value): 70%
  • Term: 36 Months

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Specifics

SUBJECT PROPERTY: 2920 Webster Ave, San Diego, CA 92113
3-bed/2-bath SFR, 1334 sq ft on a 7000 sq ft lot.
Zoning is R2, allowing for 2 residential units on this property.
APPRAISED VALUE: $185,000.00 (download appraisal)
PURCHASE PRICE: $184,000.00
LOAN AMOUNT: $128,800.00
POSITION: 1st
INTEREST: 10.25%
TERM: 36 mos
LTV: 70% of purchase price 
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 is a local real estate broker, and is purchasing this property as in investment. He will be performing repairs/upgrades before marketing it for rent at $1250 per mo. The subject property last sold in 2003 for $575,000.