Listing photoGrand Rapids, MI 49525 · MLS 26043961
"Sold as-is; cash only due to known foundation concerns."
2027 Valentine St NE is a 3-bedroom, 1-bath home in Grand Rapids, Michigan listed at $299,900 with 1,596 square feet, built in 1955. 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 ($29,990), we fund the $71,820 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 Michigan or our Michigan hard money lending page.
From the listing. Waterfront acreage in Forest Hills Schools! Tucked among mature trees, this 3-bedroom, 1-bath home offers 1755 finished sqft on 1.47 acres with approximately 434 feet of private frontage, including channel frontage and 28 feet directly on peaceful, no-wake Emerald Lake. The main level features a spacious living room with stone gas fireplace and sliders to a large deck, an open kitchen/dining area, main-floor laundry, full bath and two bedrooms with a shared walk-in closet. Upstairs, find a generous third bedroom with built-ins plus a walk-through flex space with potential for an office, studio or additional living space. An attached garage and detached brick garage/barn add exceptional storage and workspace. A dock is included and needs repair. Bring your vision to restore this one-of-a-kind waterfront retreat. Sold as-is; cash only due to known foundation concerns. Inspection report available. Schedule your private showing today!
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 | $29,990 (10%) | |
| Loan at closing | $269,910 | |
| Cosmetic renovation, rough estimate* | We fund $71,820 | |
| Total loan | $341,730 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($5,126) | |
| Appraisal | Required | |
| Estimated monthly interest | $2,777 at full draw | |
| Cash to close, rough estimate | $39,506 | |
Rough estimates at the list price of $299,900 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 $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 takes a 740 score or a deeper track record; a first flip under 720 puts 25% down. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
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