Listing photoCleveland, OH 44108 · MLS 5233250
"DRASTICALLY PRICE DROP – SELLING IMMEDIATELY. SOLD STRICTLY AS-IS. REPAIRS NEEDED. NO SELLER CREDITS. CASH OR HARD MONEY ONLY. SELLER WILL NOT WAIT. SELLING IMMEDIATELY. Duplex property, Two unit house. 1 unit is 3 bedroom and 1 bathroom, 2 nd unit is 5 bedrooms and 1 bathroom total 8 bedrooms and 2 bathrooms."
11705 Fairport Ave is a 8-bedroom, 2-bath home in Cleveland, Ohio listed at $124,000 with 2,784 square feet, built in 1920. 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 ($12,400), we fund the $125,280 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Ohio or our Ohio hard money lending page.
From the listing. DRASTICALLY PRICE DROP - SELLING IMMEDIATELY. SOLD STRICTLY AS-IS. REPAIRS NEEDED. NO SELLER CREDITS. CASH OR HARD MONEY ONLY. SELLER WILL NOT WAIT. SELLING IMMEDIATELY. Duplex property, Two unit house. 1 unit is 3 bedroom and 1 bathroom, 2nd unit is 5 bedrooms and 1 bathroom, total 8 bedrooms and 2 bathrooms.
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 | Fix and flip: 10% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | |
| Buyer down payment | $12,400 (10%) | |
| Loan at closing | $111,600 | |
| Cosmetic renovation, rough estimate* | We fund $125,280 | |
| Total loan | $236,880 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($3,553) | |
| Appraisal | Required | |
| Estimated monthly interest | $1,925 at full draw | |
| Cash to close, rough estimate | $20,343 | |
Rough estimates at the list price of $124,000 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.
More hard money deals in Cleveland All Ohio opportunities Hard money lender in Ohio Fix and flip loans Every live opportunity
Cash or hard money only"DRASTICALLY PRICE DROP – SELLING IMMEDIATELY. SOLD STRICTLY AS-IS. REPAIRS NEEDED. NO SELLER CREDITS. CASH OR HARD MONEY ONLY. SELLER WILL NOT WAIT. SELLING IMMEDIATELY. Duplex property, Two unit house."
Cash or hard money only"DRASTICALLY PRICE DROP – SELLING IMMEDIATELY. SOLD STRICTLY AS-IS. REPAIRS NEEDED. NO SELLER CREDITS. CASH OR HARD MONEY ONLY. SELLINGIMMEDIATELY. Duplex property, Two unit house."
Cash or hard money only"DRASTICALLY PRICE DROP – SELLING IMMEDIATELY. SOLD STRICTLY AS-IS. REPAIRS NEEDED. NO SELLER CREDITS. CASH OR HARD MONEY ONLY. SELLER WILL NOT WAIT. SELLING IMMEDIATELY. Duplex property, Two unit house."
Get pre-qualified in one call and write your offer with the financing already lined up.
