Columbus, OH 43205
"Investor Special / DIY Opportunity in Prime Location! Bring your vision to life at 389 Fairwood Ave! This 3-bedroom, 1 full-bath, 2 half-bath brick home offers an exciting opportunity for DIY enthusiasts, investors, and buyers utilizing a rehab loan. With a full cosmetic rehab needed, the possibilities are wide open to create a home tailored to your style or investment strategy."
389 Fairwood Ave is a 3-bedroom, 2-bath home in Columbus, Ohio listed at $245,000 with 1,570 square feet. 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 ($24,500), we fund the $70,650 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. Investor Special / DIY Opportunity in Prime Location! 3-bedroom, 1 full-bath, 2 half-bath brick home for DIY enthusiasts, investors, and buyers utilizing a rehab loan. Full cosmetic rehab needed. Full walkout basement plus attic space.
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 | $24,500 (10%) | |
| Loan at closing | $220,500 | |
| Cosmetic renovation, rough estimate* | We fund $70,650 | |
| Total loan | $291,150 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($4,367) | |
| Appraisal | Required | |
| Estimated monthly interest | $2,366 at full draw | |
| Cash to close, rough estimate | $33,257 | |
Rough estimates at the list price of $245,000 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 Columbus All Ohio opportunities Hard money lender in Ohio Fix and flip loans Every live opportunity
Cash or hard money only"This property can be packaged with 1136 Summit. These properties are for serious investors only. Cash investors only at this time. All properties are to be sold as is where is."
"Investor Special - great flip opportunity with 4 bedrooms, 1 full bath, 1230 SF, Partial basement. Updated electric panel, roof new in 2026, front porch and back porch new in 2026. Brand new stainless steel kitchen appliances and washer and dryer. Selling the home in as -is condition, seller will make no repairs. Cash or conventional loans only."
"INVESTOR SPECIAL! Great opportunity for an investor looking to add another property to their rental portfolio. This home offers plenty of potential and is being sold AS-IS, allowing the next owner to make updates and improvements to fit their investment strategy. Several major components have been updated around 2017, including the roof and water heater, with HVAC components also appearing to date to approximately the same period. Whether you're looking for your next rental property or investment project, this could be a great opportunity to build equity and add another door to your portfolio. Seller will make no repairs. Buyer to perform their own due diligence"
Get pre-qualified in one call and write your offer with the financing already lined up.
