Listing photoDallas, TX 75216 · MLS 21102159
"This property is currently in PROBATE."
2422 S Ewing Ave is a 3-bedroom, 1-bath home in Dallas, Texas listed at $145,000 with 1,120 square feet, built in 1921. 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 ($14,500), we fund the $123,200 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 Texas or our Texas hard money lending page.
From the listing. This property is currently in PROBATE. Incredible opportunity in Trinity Heights subdivision to tear down with new constructions in the area 500K+. Lot size is 50x150. A new build is directly across the house was recently sold. This property is being sold AS-IS, WHERE-IS. Please do not send subject to and creative financing emails. Those will not be considered. ONLY 1-4 TREC CONTRACTS WILL BE REVIEWED. CASH ONLY.
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 | $14,500 (10%) | |
| Loan at closing | $130,500 | |
| Major renovation, rough estimate* | We fund $117,585 | |
| Total loan | $248,085 | |
| Rate, interest only | from 9.99% | |
| Points | 1.5 ($3,721) | |
| Appraisal | Required | |
| Estimated monthly interest | $2,065 at full draw | |
| Cash to close, rough estimate | $28,226 | |
Rough estimates at the list price of $145,000 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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