4926 Schaub AveBaltimore, Maryland

Baltimore, MD 21206 · MLS MDBA2224754

List price

$85,000

2 bd / 1 ba
Bedrooms / baths: 1,232 sq ft
Living area: 1955
Year built

"Price Improvement! Cash or hard money only."

Listed by Michael W. McCarthy Metro DMV Realty (301) 684-8576

4926 Schaub Ave is a 2-bedroom, 1-bath home in Baltimore, Maryland listed at $85,000 with 1,232 square feet, built in 1955. 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 ($8,500), we fund the $55,440 renovation estimate in draws, and the loan closes in 2 weeks. The down payment steps with experience, credit and the size of the renovation. See every hard money opportunity in Maryland or our Maryland hard money lending page.

From the listing. Price Improvement! Cash or hard money only. Property for Sale, not for Rent! Brick townhome with living room, separate dining area, finished basement, gas forced-air heat and fenced rear yard. Sold as-is, seller will make no repairs, buyer responsible for due diligence.

01 - Price This Property

Hard money financing on 4926 Schaub Ave: 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.

List price $85,000

State MD

Your credit score, approximate

Type a number, like 720. A ballpark is fine and nothing is pulled. Leave it empty if you have no score.

Investment projects you completed in the last 3 years

Flips, rentals bought and sold, or builds. Decides the down payment.

Renovation budget

Our super rough estimate at $45 per sq ft. Put in your contractor's number if you have one.

After-repair value, if you know it

The loan stays under 75% of it. Leave blank to size on the price alone.

1. Your score740Qualifies
2. Your experience1 to 2 projects10% down at closing
3. Down payment10% down$8,500 at closing

You qualifyAt a 740 score with 1 completed project, you qualify for 10% down on this property with the renovation funded.

Fix and flip, experienced

10% down

We fund 100% of the renovation. Closes in 2 weeks.

Cash to close, rough estimate $16,872

Loan at closing $76,500

Rate, interest only from 9.99%

The cap of 92.5% of the total cost leaves $2,033 of the renovation for the buyer.
With one to four completed projects in three years and a moderate (half to all of the price) renovation: up to 90% of the price at closing and up to 100% of the renovation.
Ten or more completed flips (five in this state) with a 720 score reach 100% financing on this property.
Add an after-repair value to confirm the total: the loan is also capped at 72.5% of it.

02 - The Numbers at Closing

4926 Schaub Ave priced at the list price.

Item		Fix and flip: 10% down
At closing
Qualifies as entered	Yes
Buyer down payment	$8,500 (10%)
Loan at closing	$76,500
Cosmetic renovation, rough estimate*	We fund $53,407
Total loan	$129,907
Rate, interest only	from 9.99%
Points	1.5 ($1,949)
Appraisal	Required
Estimated monthly interest	$1,081 at full draw
Cash to close, rough estimate	$16,872

Rough estimates at the list price of $85,000 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 Michael W. McCarthy, Metro DMV Realty ((301) 684-8576). To see it or make an offer, contact Michael 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.

Request the Term Sheet Call (323) 304-4978

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