Listing photoDenver, CO 80222 · MLS 8061406
"Cash only!"
3010 S Ash St is a 3-bedroom, 2-bath home in Denver, Colorado listed at $465,000 with 949 square feet, built in 1949. 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 ($46,500), we fund the $104,390 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 Colorado or our Colorado hard money lending page.
From the listing. Calling All Investors! Rare opportunity for a scrape or fix and flip in University Hills! There are multiple homes on this street alone that are over $2,000,000. An opportunity like this hardly ever hits the open market. Property does have an occupant so PLEASE do not visit the home without an appointment. Home will be sold AS IS and with any personal property items remaining at the home after closing. 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 | $46,500 (10%) | |
| Loan at closing | $418,500 | |
| Full renovation, rough estimate* | We fund $104,390 | |
| Total loan | $522,890 | |
| Rate, interest only | from 9.99% | |
| Points | 1.5 ($7,843) | |
| Appraisal | Required | |
| Estimated monthly interest | $4,353 at full draw | |
| Cash to close, rough estimate | $58,733 | |
Rough estimates at the list price of $465,000 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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Investor special"It does need some TLC in several areas, but is well worth it!"
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