Listing photoCrestview, FL 32536 · MLS 1007566
"Cash buyers only."
5987 W Dogwood Dr is a 3-bedroom, 2-bath home in Crestview, Florida listed at $174,000 with 1,548 square feet, built in 1983. 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 ($17,400), we fund the $170,280 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Florida or our Florida hard money lending page.
From the listing. Back on the market by no fault of the seller. YOUR GAIN!!! Cash Only Opportunity - Bring Your Vision! Calling all investors, renovators, and buyers looking for their next project! This rustic home is full of character with unique stone and wood accents that offer the opportunity to restore it to its original charm. Nestled in a well-established neighborhood and backing up to a pond, the setting provides a wonderful backdrop for a complete transformation. This property is in need of significant repairs and updates and is being sold AS IS. Cash buyers only. With the right vision and renovation, this could become a truly one-of-a-kind home. If you're looking for your next investment or fixer-upper project, don't miss this opportunity to unlock its potential.
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 | $17,400 (10%) | |
| Loan at closing | $156,600 | |
| Full renovation, rough estimate* | We fund $170,280 | |
| Total loan | $326,880 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($4,903) | |
| Appraisal | Required | |
| Estimated monthly interest | $2,656 at full draw | |
| Cash to close, rough estimate | $26,693 | |
Rough estimates at the list price of $174,000 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 $110 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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