Goodlettsville, TN 37072
"1942 Cottage on 2.79 wooded acres with a barn. House needs updating and is being sold as is. House has just finished having foundation work completed, has some some new flooring."
1551 Springfield Hwy is a 3-bedroom, 1-bath home in Goodlettsville, Tennessee listed at $315,000 with 1,276 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 ($31,500), we fund the $57,420 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Tennessee or our Tennessee hard money lending page.
From the listing. 1942 Cottage on 2.79 wooded acres with a barn. House needs updating and is being sold as is. Foundation work just completed, some new flooring.
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 | $31,500 (10%) | |
| Loan at closing | $283,500 | |
| Cosmetic renovation, rough estimate* | We fund $57,420 | |
| Total loan | $340,920 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($5,114) | |
| Appraisal | Required | |
| Estimated monthly interest | $2,770 at full draw | |
| Cash to close, rough estimate | $41,004 | |
Rough estimates at the list price of $315,000 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.
More hard money deals in Goodlettsville All Tennessee opportunities Hard money lender in Tennessee Fix and flip loans Every live opportunity
Cash or hard money only"Conveniently located minutes away from shopping and dining in Cooper / Young! AS IS, WHERE IS, CASH ONLY SALE. PERFECT FOR INVESTOR. UTILITIES ARE OFF. USE EXTREME CAUTION WHEN ENTERING. GO IN THE SIDE WHERE THE KEY BOX IS LOCATED."
Cash or hard money only"AS IS SALE- CASH Only Sale. Here is a great Brick property with fenced in backyard to add to your Portfoilo with great Bones!! Property is a Spacious 2 Bedroom with 1 full bath. Seller prefers Quick close, NO Wholesalers, No Assignmments, NO Hard Money, No Creative Financing and No Loans. (Cash ONLY Sale)."
Get pre-qualified in one call and write your offer with the financing already lined up.
