Street address with a free account
$36,000
2 bd · 1 ba · 928 sq ft · Built 1937
"Will not finance."
Pricing and profitability Sign in to see
Renovation estimate, rough $49,905
Listed by Melissa Ayala, CENTURY 21 BUELOW-MILLER REALTY
Investment Opportunity · Hard Money Financing
7 Mary StAlexandria, Louisiana
Alexandria, LA 71301 · MLS 2564185
List price
$36,000
- 2 bd / 1 ba
- Bedrooms / baths
- 1,109 sq ft
- Living area
- 1937
- Year built
- 6,098 sq ft
- Lot
"Will not finance."
7 Mary St is a 2-bedroom, 1-bath home in Alexandria, Louisiana listed at $36,000 with 1,109 square feet, built in 1937. The seller is asking for cash or hard money, so it is priced here on our fix and flip loan: an investor with at least one completed project puts 10% down ($3,600), we fund the $49,905 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Louisiana or our Louisiana hard money lending page.
01 - Price This Property
Hard money financing on 7 Mary St: what you qualify for.
Preset with the list price and our rough renovation estimate. Change your score, your experience, the budget or the after-repair value and the numbers below move with them. Nothing is pulled and nothing is saved.
- 1. Your score740Qualifies, high-score terms
- 2. Your experience1 to 2 projectsTier 2: 10% down
- 3. Down payment10% down$3,600 at closing
You qualifyAt a 740 score with 1 completed project, you qualify for 10% down on this property with the renovation funded.
- A 740 or better score on a purchase under $750,000 gets the high-score terms: the loan can reach 90% of after-repair value instead of 75%.
- Experience Tier 2 on 1 completed project in three years: 10% down, 100% of the renovation funded.
02 - The Numbers at Closing
7 Mary St priced at the list price.
| Item | Fix and flip: 10% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | |
| Buyer down payment | $3,600 (10%) | |
| Loan at closing | $32,400 | |
| Cosmetic renovation, rough estimate* | We fund $49,905 | |
| Total loan | $82,305 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($1,235) | |
| Appraisal | Required | |
| Estimated monthly interest | $669 at full draw | |
| Cash to close, rough estimate | $9,225 | |
Rough estimates at the list price of $36,000 for a 740 score and 1 completed project. This is not a commitment to lend.
*Every figure on this page is a rough estimate. The renovation budget is a super rough placeholder at $45 per sq ft, not a bid or an inspection; get your own contractor numbers before you offer. Indicative estimate for discussion, not a commitment to lend. Business-purpose loans to investors only; final terms are set at submission. Fix and flip loans are sized on an appraisal and must stay under 75% of after-repair value. 10% down is for experienced investors; first-time flippers put 20% down. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
We are the lender, not the listing agent. This property is listed by Melissa Ayala, CENTURY 21 BUELOW-MILLER REALTY ((318) 575-6918). To see it or make an offer, contact Melissa directly, or work with your own buyer's agent. The numbers on this page are simply what our financing would look like on this property. Viewing them is not a commitment to borrow from us, and you are free to finance the purchase however you choose. We do not represent buyers or sellers.
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Nearby
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Street address with a free account
$23,700
3 bd · 1 ba · 1,080 sq ft · Built 1939
"This is a CASH ONLY transaction."
Pricing and profitability Sign in to see
Renovation estimate, rough $48,600
Listed by Dana Rowell, REALHome Services and Solutions, Inc.
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