Listing photo517 Main StCharleston, West Virginia
Charleston, WV 25302 · MLS 183929
- 3 bd / 1.5 ba
- Bedrooms / baths
- 1,464 sq ft
- Living area
- 1917
- Year built
"Cash, hard money, FHA 203(k), and conventional with reserves all welcome."
517 Main St is a 3-bedroom, 1.5-bath home in Charleston, West Virginia listed at $99,900 with 1,464 square feet, built in 1917. 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 25% down ($24,975), we fund the $65,880 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 West Virginia or our West Virginia hard money lending page.
From the listing. Charleston West Side opportunity at 517 Main Street! This 3-bedroom, 2.5-bath single family offers 1,464 sq ft of living space with recent updates that take the guesswork out of as-is buying. Features include a NEWER FURNACE, NEWER HOT WATER HEATER, and a WALK-OUT BASEMENT with a full bath and half bath. Original 1917 character throughout the main level, all public utilities, level lot with paved street and sidewalks. Convenient West Side location with easy access to I-64, downtown Charleston, and Capital High School district. Sold strictly AS-IS - bring your contractor, bring your vision. Cash, hard money, FHA 203(k), and conventional with reserves all welcome. Pre-approval or proof of funds required with all offers. Showings by appointment.
Hard money financing on 517 Main 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 projectsTier 2: 25% down
- 3. Down payment25% down$24,975 at closing
- Experience Tier 2 on 1 completed project in three years with a heavy (50% to 100% of the price) renovation: up to 75% of the price at closing, 100% of the renovation funded.
- Keep the renovation at $49,950 or less (half the price) and it prices at 10% down.
517 Main St priced at the list price.
| Item | Fix and flip: 25% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | |
| Buyer down payment | $24,975 (25%) | |
| Loan at closing | $74,925 | |
| Cosmetic renovation, rough estimate* | We fund $65,880 | |
| Total loan | $140,805 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($2,112) | |
| Appraisal | Required | |
| Estimated monthly interest | $1,144 at full draw | |
| Cash to close, rough estimate | $31,477 | |
Rough estimates at the list price of $99,900 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 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.
More hard money deals in Charleston All West Virginia opportunities Hard money lender in West Virginia Fix and flip loans Every live opportunity
Want to buy 517 Main St?
Get pre-qualified in one call and write your offer with the financing already lined up.