Listing photo1705 Avenue HCouncil Bluffs, Iowa
Council Bluffs, IA 51501 · MLS 26-2264
- 1 bd / 1.5 ba
- Bedrooms / baths
- 934 sq ft
- Living area
- 1920
- Year built
"Cash or conventional financing only."
1705 Avenue H is a 1-bedroom, 1.5-bath home in Council Bluffs, Iowa listed at $107,000 with 934 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 1 to 2 completed projects and a 740 score puts 10% down ($10,700), we fund the $42,030 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 Iowa or our Iowa hard money lending page.
From the listing. 1-bedroom, 1.5-bath ranch with 934 finished square feet, full basement and detached 1.5-car garage on a 40 x 130 lot. Ready for your personal touches. Sold AS-IS. Cash or conventional financing only. Flood insurance required.
Hard money financing on 1705 Avenue H: 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 projects10% down at closing
- 3. Down payment10% down$10,700 at closing
- With one to four completed projects in three years and a light (under half the price) renovation: up to 90% of the price at closing and up to 100% of the renovation.
- Ten or more completed flips (five in this state) with a 720 score reach 100% financing on this property.
- Add an after-repair value to confirm the total: the loan is also capped at 75% of it.
1705 Avenue H priced at the list price.
| Item | Fix and flip: 10% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | |
| Buyer down payment | $10,700 (10%) | |
| Loan at closing | $96,300 | |
| Cosmetic renovation, rough estimate* | We fund $42,030 | |
| Total loan | $138,330 | |
| Rate, interest only | from 9.99% | |
| Points | 1.5 ($2,075) | |
| Appraisal | Required | |
| Estimated monthly interest | $1,152 at full draw | |
| Cash to close, rough estimate | $17,165 | |
Rough estimates at the list price of $107,000 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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