Listing photo7811 4th Ave NBirmingham, Alabama
Birmingham, AL 35206 · MLS 21463501
- 3 bd / 1 ba
- Bedrooms / baths
- 1,408 sq ft
- Living area
- 1935
- Year built
- 10,018 sq ft
- Lot
"Cash or hard money financing preferred given condition."
7811 4th Ave N is a 3-bedroom, 1-bath home in Birmingham, Alabama listed at $55,000 with 1,408 square feet, built in 1935. 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 15% down ($8,250), we fund the $63,360 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 Alabama or our Alabama hard money lending page.
From the listing. 3-bedroom, 1-bathroom single-family residence on a flat lot in East Birmingham, 1,408 sq ft, built 1935. Needs electrical, roof, HVAC. Suitable for flip or rental, sold as-is.
Hard money financing on 7811 4th Ave N: 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 projectsTier 2: 15% down
- 3. Down payment15% downNot priced as entered: see why below
7811 4th Ave N priced at the list price.
| Item | Fix and flip: 15% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | No | |
| Buyer down payment | $8,250 (15%) | |
| Loan at closing | $46,750 | |
| Cosmetic renovation, rough estimate* | We fund $63,360 | |
| Total loan | $110,110 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($1,652) | |
| Appraisal | Required | |
| Estimated monthly interest | $895 at full draw | |
| Cash to close, rough estimate | $14,292 | |
Rough estimates at the list price of $55,000 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.
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