Property is located in Brickell House. Unit is a 2/2 with 1,116 sqft. Building was completed in 2014, unit has city and bay views.
Purchase price is $475,000
Appraisal is $525,000
Loan Amount is $130,000
25% LTV of appraisal and 27% LTV of purchase price.
Gross rate is 9.95% / Net to Investor is 9.00%