Listing photo

Investment Opportunity · Hard Money Financing

6981 Water StHarrison, Ohio

Harrison, OH 45030 · MLS 1885947

List price

$85,000

3 bd / 1 ba
Bedrooms / baths: 1,774 sq ft
Living area: 1910
Year built: 17,424 sq ft
Lot

"Tremendous opportunity with sweeping Great Miami River views. Double building lot overlooking the river valley. Lots of interior renovation has been completed with newer flooring, kitchen cabinetry, countertops, appliances, bathroom & first floor laundry. Just needs the right owner to make finishing touches. Home will not qualify for financing. Selling as-is with no disclosures. Cash or hard money buyers only. There is a 5-business day hold period during which the seller will not respond to offers."

Listed by Scott Evans RE/MAX United Associates (513) 519-6049

6981 Water St is a 3-bedroom, 1-bath home in Harrison, Ohio listed at $85,000 with 1,774 square feet, built in 1910. 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 ($8,500), we fund the $79,830 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Ohio or our Ohio hard money lending page.

From the listing. Tremendous opportunity with sweeping Great Miami River views. Double building lot overlooking the river valley. Lots of interior renovation has been completed with newer flooring, kitchen cabinetry, countertops, appliances, bathroom and first floor laundry. Just needs the right owner to make finishing touches. Home will not qualify for financing. Selling as-is with no disclosures. Cash or hard money buyers only. There is a 5-business day hold period during which the seller will not respond to offers.

01 - Price This Property

Hard money financing on 6981 Water St: 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.

List price $85,000

State OH

Your credit score, approximate

Type a number, like 720. A ballpark is fine and nothing is pulled. Leave it empty if you have no score.

Investment projects you completed in the last 3 years

Flips, rentals bought and sold, or builds. Decides the down payment.

Renovation budget

Our super rough estimate at $45 per sq ft. Put in your contractor's number if you have one.

After-repair value, if you know it

The loan stays under 75% of it. Leave blank to size on the price alone.

1. Your score740Qualifies, high-score terms
2. Your experience1 to 2 projectsTier 2: 10% down
3. Down payment10% down$8,500 at closing

You qualifyAt a 740 score with 1 completed project, you qualify for 10% down on this property with the renovation funded.

Fix and flip, experienced

10% down

We fund 100% of the renovation. Closes in 2 weeks.

Cash to close, rough estimate $15,235

Loan at closing $76,500

Rate, interest only from 9.75%

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

6981 Water St priced at the list price.

Item		Fix and flip: 10% down
At closing
Qualifies as entered	Yes
Buyer down payment	$8,500 (10%)
Loan at closing	$76,500
Cosmetic renovation, rough estimate*	We fund $79,830
Total loan	$156,330
Rate, interest only	from 9.75%
Points	1.5 ($2,345)
Appraisal	Required
Estimated monthly interest	$1,270 at full draw
Cash to close, rough estimate	$15,235

Rough estimates at the list price of $85,000 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 Scott Evans, RE/MAX United Associates ((513) 519-6049). To see it or make an offer, contact Scott 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.

Request the Term Sheet Call (323) 304-4978

More hard money deals in Harrison All Ohio opportunities Hard money lender in Ohio Fix and flip loans Every live opportunity

Nearby

More cash and hard money listings in Ohio.

Cash or hard money only

Milford, OH

6 bd home in Milford

Street address with a free account

$299,000

6 bd · 3 ba · 3,089 sq ft · Built 1910

"Investor opportunity on 1.15 acres! 3-unit building with Each having a 2 bed / 1 bath (~3,089 SF total). Two units need cosmetic rehab; the third needs a full renovation. Detached garage. Hold as multi-family or convert into a large single-family home. Convenient to I-275 and Milford amenities. Sold strictly AS-IS. Cash or hard money only no conventional or FHA financing. Buyer to verify all information, occupancy, zoning, and condition."

Pricing and profitability Sign in to see

Renovation estimate, rough $339,790

Listed by Robert Speckert, eXp Realty

See the listing and the financing

Cash or hard money only

Cleveland, OH

8 bd home in Cleveland

Street address with a free account

$124,000

8 bd · 2 ba · 2,784 sq ft · Built 1920

"DRASTICALLY PRICE DROP – SELLING IMMEDIATELY. SOLD STRICTLY AS-IS. REPAIRS NEEDED. NO SELLER CREDITS. CASH OR HARD MONEY ONLY. SELLER WILL NOT WAIT. SELLING IMMEDIATELY. Duplex property, Two unit house. 1 unit is 3 bedroom and 1 bathroom, 2 nd unit is 5 bedrooms and 1 bathroom total 8 bedrooms and 2 bathrooms."

Pricing and profitability Sign in to see

Renovation estimate, rough $125,280

Listed by Nicholas Huscroft, Chosen Real Estate Group

See the listing and the financing