Listing photoDallas, TX 75216 · MLS 21388210
"This is a cash or hard money financing purchase only, no conventional or FHA loans will be considered."
1520 Sutter St is a 3-bedroom, 2-bath home in Dallas, Texas listed at $150,000 with 1,423 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 ($15,000), we fund the $156,530 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Texas or our Texas hard money lending page.
From the listing. 1,423 square feet of solid potential featuring a charming sun room with original woodwork. The property requires comprehensive renovation but offers great bones and proximity to Cedar Crest Golf Course and the Dallas Zoo. Currently lacking central HVAC; cash or hard money financing 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 | $15,000 (10%) | |
| Loan at closing | $135,000 | |
| Full renovation, rough estimate* | We fund $156,530 | |
| Total loan | $291,530 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($4,373) | |
| Appraisal | Required | |
| Estimated monthly interest | $2,369 at full draw | |
| Cash to close, rough estimate | $23,763 | |
Rough estimates at the list price of $150,000 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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