Are these BRRR Terms good? bad? or average?

[Ray Brown]

Hard Money offer on the table right now...

Purchase Price: $35,000.00
Amount Owed: $0.00
Rehab Bid : $50,000.00
As Is Value: $35,000.00
After Repair Value (ARV): $130,000.00
Credit Score: 720
Experience: 0
Broker Fee: 3.0%

Loan Amount: $81,500.00
Loan To Value (LTV): 62.69%
Interest Rate: 11.99%
Origination Points: 2.50%
Term In Months: 24
Monthly Payment: $814.32
Cash to Close $7,982.5
Closing Cost: TBD

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*This link comes directly from our calculators, based on information input by the member who posted.