Listing photoApple Valley, CA 92308 · MLS IG26175269
"This property will likely not finance unless it is a rehab loan."
22764 Powhatan Rd is a 3-bedroom, 2-bath home in Apple Valley, California listed at $330,000 with 1,661 square feet, built in 1987. The seller is asking for cash or hard money, so it is priced here on our fix and flip loan: an investor with 1 to 2 completed projects and a 740 score puts 10% down ($33,000), we fund the $182,710 renovation estimate in draws, and the loan closes in 2 weeks. The down payment steps with experience, credit and the size of the renovation. A California buyer can also close in 3 days with 35% down and no appraisal. See every hard money opportunity in California or our California hard money lending page.
From the listing. This property will likely not finance unless it is a rehab loan.
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.
| Item | Option 1: 35% down | Option 2: 10% down |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | No |
| Buyer down payment | $33,000 (10%) | $115,500 (35%) |
| Loan at closing | $297,000 | $214,500 |
| Full renovation, rough estimate* | We fund $177,257 | Buyer pays $182,710 |
| Total loan | $474,257 | $214,500 |
| Rate, interest only | from 9.99% | 10.5% |
| Points | 1.5 ($7,114) | 1.5 ($3,218) |
| Appraisal | Required | None |
| Estimated monthly interest | $3,948 at full draw | $1,877 |
| Cash to close, rough estimate | $49,957 | $118,718 |
Rough estimates at the list price of $330,000 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 $110 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. The no-appraisal option is available in major California markets. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
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Cash or hard money only"Investor Special – Cash or Hard Money Only!"
Cash or hard money only"CASH ONLY due to the Property's current condition and extensive rehabilitation requirements."
Investor special"Sold strictly As-Is and requiring some work, this property is best suited for Cash, Hard Money, or Conventional financing."
Get pre-qualified in one call and write your offer with the financing already lined up.
