After Repair Value (ARV) | $240,000 |
Purchase Price (PP) | $100,000 |
Repair Costs | $ 10,000 |
1.Will lend 60% of ARV | $144,000 |
2.Reserves hold back | $ 23,040 |
3.Points | $ 5,760 |
4.Repair Costs | $ 10,000 |
5.closing costs | $ 3,000 |
Total | $ 102,200 |
Purchase price | $100,000 |
Cash Out after you buy the house |
$2,200 |