Investor specialStreet address with a free account
$199,900
3 bd · 2.5 ba · 1,584 sq ft · Built 1980
"Property is sold as-is."
Pricing and profitability Sign in to see
Renovation estimate, rough $71,280
Listed by Jenny Maraghy, Compass
Listing photoInvestment Opportunity · Hard Money Financing
4719 Mill Park DrGlen Allen, Virginia
Glen Allen, VA 23060 · MLS 2624807
List price
$350,000
- 3 bd / 1.5 ba
- Bedrooms / baths
- 1,176 sq ft
- Living area
- 1983
- Year built
- 9,914 sq ft
- Lot
"This home is being sold as is and all inspections will be for information purposes only."
4719 Mill Park Dr is a 3-bedroom, 1.5-bath home in Glen Allen, Virginia listed at $350,000 with 1,176 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 ($35,000), we fund the $52,920 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Virginia or our Virginia hard money lending page.
From the listing. Welcome to 4719 MIll Park Drive this home with a little TLC will be an awesome home. The opportunities for this home are endless. An investor dream home or a first time buyers blank canvas. This lovely 3 bedroom 1.5 bath is awaiting its new owner to show it a little love. Don't miss this opportunity to live in the very prominent Glen Allen area. This home is nestled in a charming and quiet neighborhood. It is less than 10 minutes from the short pump area. Conveniently close to 295 yet far enough to enjoy the quietness of a very established neighborhood. We can't wait to unveil this opportunity to showcase the endless potential this home will have for you. This home is being sold as is and all inspections will be for information purposes only.
01 - Price This Property
Hard money financing on 4719 Mill Park Dr: what you qualify for.
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.
- 1. Your score740Qualifies, high-score terms
- 2. Your experience1 to 2 projectsTier 2: 10% down
- 3. Down payment10% down$35,000 at closing
You qualifyAt a 740 score with 1 completed project, you qualify for 10% down on this property with the renovation funded.
- A 740 or better score on a purchase under $750,000 gets the high-score terms: the loan can reach 90% of after-repair value instead of 75%.
- Experience Tier 2 on 1 completed project in three years: 10% down, 100% of the renovation funded.
02 - The Numbers at Closing
4719 Mill Park Dr priced at the list price.
| Item | Fix and flip: 10% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | |
| Buyer down payment | $35,000 (10%) | |
| Loan at closing | $315,000 | |
| Cosmetic renovation, rough estimate* | We fund $52,920 | |
| Total loan | $367,920 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($5,519) | |
| Appraisal | Required | |
| Estimated monthly interest | $2,989 at full draw | |
| Cash to close, rough estimate | $44,909 | |
Rough estimates at the list price of $350,000 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 $45 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.
We are the lender, not the listing agent. This property is listed by Kenny Dunn, Virginia Capital Realty ((804) 774-5772). To see it or make an offer, contact Kenny directly, or work with your own buyer's agent. The numbers on this page are simply what our financing would look like on this property. Viewing them is not a commitment to borrow from us, and you are free to finance the purchase however you choose. We do not represent buyers or sellers.
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