LTV 63%

1365 N Cresent, San Bernardino

View the Property
Investment Summary

This is a fire damage rebuild; House was completely burned down and is now going to be rebuilt into a brand new Home.

This single family residence is a 4 bedroom, 2 bathroom home that is 2,083 square feet and sits on a 5,373 square foot lot.

Independent third party appraisal commissioned by Trinity Redevelopment shows an After Rehab Value (ARV) of $350,000, and an Investment  $221,770 for Address. The LTV is 63% and is in line with the data we found during our due diligence process. The valuation report shows the residential market surrounding all underlying properties in this area of Fontana is neutral and supply outweighs demand, and the residential market surrounding all underlying properties in this area of San Bernardino is stable and supply and demand are in balance.  Trinity Redevelopment has invested ($30,000) to subject to reach ARV.

Bella Design is submitting plans for the rebuild. This property will be rebuilt from top to bottom. Including but not limited to: 1) new two-tone paint inside and out 2) new baseboards 3) new kitchen cabinets, granite, and backsplash 4) new flooring throughout with a combination of tile/wood and carpet 5) new bathroom remodel 6) new finishes 7) new doors 8) minor landscaping 9) *new windows 10) *new water heater 11) new light fixtures 12) all FHA safety and required repairs.

* May vary

$221,770 funded of $221,770