Listing photoHouston, TX 77059 · MLS 84836379
"Investors Special – Cash or Hard Money only."
11727 Mighty Redwood Dr is a 4-bedroom, 2.5-bath home in Houston, Texas listed at $315,000 with 3,032 square feet, built in 1990. 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 20% down ($63,000), we fund the $333,520 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 Texas or our Texas hard money lending page.
From the listing. Investors Special – Cash or Hard Money only. Opportunity to transform this property into your next investment project or dream home. Fire damaged. Kitchen has been stripped down and is being sold AS-IS, WHERE-IS with no repairs to be made by Seller. Property will require new detached garage, new kitchen and cosmetic renovations and finish-out work to bring it back to livable condition, making it ideal for investors, flippers, or end buyers looking to build equity. Major components including roof, foundation, and A/C are in good condition, plus the house features paid off solar panels and water softeners. Investor or end buyer only – NO WHOLESALERS PLEASE. Buyer to independently verify all information, measurements, and condition. Property sold strictly AS-IS.
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: 20% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | |
| Buyer down payment | $63,000 (20%) | |
| Loan at closing | $252,000 | |
| Full renovation, rough estimate* | We fund $315,455 | |
| Total loan | $567,455 | |
| Rate, interest only | from 9.99% | |
| Points | 1.5 ($8,512) | |
| Appraisal | Required | |
| Estimated monthly interest | $4,724 at full draw | |
| Cash to close, rough estimate | $93,967 | |
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 $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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