Listing photoCitrus Heights, CA 95621 · MLS 226103859
"Fixer Opportunity! Great potential for an investor or owner-occupant looking to renovate and make it their own. This property is ready for updating and offers an opportunity to add value through improvements. Renovate for a rental investment, resale, or create your own home. Property is being sold in its present as-is condition."
7054 Lompoc Ct is a 3-bedroom, 2.5-bath home in Citrus Heights, California listed at $260,000 with 1,544 square feet, built in 1981. The seller is asking for cash or hard money, so it is priced here on our fix and flip loan: an investor with at least one completed project puts 10% down ($26,000), we fund the $69,480 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. 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. Fixer Opportunity! Great potential for an investor or owner-occupant looking to renovate and make it their own. Property is being sold in its present as-is condition in the Crosswoods townhome community.
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 | $26,000 (10%) | $91,000 (35%) |
| Loan at closing | $234,000 | $169,000 |
| Cosmetic renovation, rough estimate* | We fund $69,480 | Buyer pays $69,480 |
| Total loan | $303,480 | $169,000 |
| Rate, interest only | from 9.25% | 10.5% |
| Points | 1.5 ($4,552) | 1.5 ($2,535) |
| Appraisal | Required | None |
| Estimated monthly interest | $2,339 at full draw | $1,479 |
| Cash to close, rough estimate | $34,942 | $93,535 |
Rough estimates at the list price of $260,000 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. 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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