Listing photoDerby, NY 14047 · MLS B1704728
"This property is being sold in " as is " condition. This is a " Cash Only Sale "."
1357 Sturgeon Point Rd is a 3-bedroom, 2-bath home in Derby, New York listed at $469,900 with 3,286 square feet, built in 1960. 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 ($46,990), we fund the $361,460 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in New York or our New York hard money lending page.
From the listing. Room to Roam ! 21 + acres of country living. The original home was built in 1960. The last owner started remodeling in 2017. There are many newer features in the home. There is work to be completed. A lot of materials for the projects are in the house and may remain. Currently a 3 bedroom, 2 bathroom ranch. There is a set up for a 1/2 bathroom, needs to be fully completed. Kitchen cabinets in place but needs counter tops put in and finishing work done. Some flooring needs to be installed. First floor laundry room. Newer siding, roof, concrete front porch and rear patio. Granite countertops in bathrooms. Newer garage door. Prodigy siding. Some newer Marvin Integrity windows and doors. Condenser needed for a/c. There is an inground pool, barn and pond on the property. Great Opportunity for the right buyer. This property is being sold in " as is " condition. This is a " Cash Only Sale ". The square footage of the house is larger than public records show. Professionally measured by an appraiser.
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 | $46,990 (10%) | |
| Loan at closing | $422,910 | |
| Full renovation, rough estimate* | We fund $361,460 | |
| Total loan | $784,370 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($11,766) | |
| Appraisal | Required | |
| Estimated monthly interest | $6,373 at full draw | |
| Cash to close, rough estimate | $63,146 | |
Rough estimates at the list price of $469,900 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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