Listing photo342 Jackson StBillings, Montana
Billings, MT 59101 · MLS 361914
- 3 bd / 1 ba
- Bedrooms / baths
- 1,291 sq ft
- Living area
- 1930
- Year built
- 6,000 sq ft
- Lot
"Needs rehab loan or cash to buy."
342 Jackson St is a 3-bedroom, 1-bath home in Billings, Montana listed at $164,900 with 1,291 square feet, built in 1930. 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 ($16,490), we fund the $58,095 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 Montana or our Montana hard money lending page.
From the listing. Great little home in need of repair. Needs rehab loan or cash to buy. Excellent opportunity for sweat equity. Septic system/cess pool sewage system. Condition unknown. This Property was previously financed by a mortgage loan insured by HUD and requires a 30-day priority purchase period for Owner-Occupant buyers before investor offers can be accepted after 31 days on market. Property SOLD AS-IS.
Hard money financing on 342 Jackson 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
- 2. Your experience1 to 2 projects10% down at closing
- 3. Down payment10% down$16,490 at closing
- With one or two completed projects in three years and a moderate (a quarter to half the price) renovation: up to 90% of the price at closing and 100% of the renovation.
- Add an after-repair value to confirm the total: the loan is also capped at 70% of it.
342 Jackson St priced at the list price.
| Item | Fix and flip: 10% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | |
| Buyer down payment | $16,490 (10%) | |
| Loan at closing | $148,410 | |
| Cosmetic renovation, rough estimate* | We fund $58,095 | |
| Total loan | $206,505 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($3,098) | |
| Appraisal | Required | |
| Estimated monthly interest | $1,678 at full draw | |
| Cash to close, rough estimate | $23,978 | |
Rough estimates at the list price of $164,900 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 takes a 740 score or a deeper track record; a first flip under 720 puts 25% down. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
More hard money deals in Billings All Montana opportunities Hard money lender in Montana Fix and flip loans Every live opportunity Price deals in ChatGPT with our app
Want to buy 342 Jackson St?
Get pre-qualified in one call and write your offer with the financing already lined up.