Listing photoHouston, TX 77036 · MLS 42964365
"Cash-only sale."
7510 Hornwood Dr #1207 is a 2-bedroom, 2-bath home in Houston, Texas listed at $85,000 with 871 square feet, built in 1966. 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 $39,195 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Texas or our Texas hard money lending page.
From the listing. Welcome to 7510 Hornwood Drive #1207, a 12th-floor two-bedroom condo in a Houston high-rise near the Galleria offering strong investment potential. This unit features expansive city views and is a great opportunity for buyers looking to renovate, lease, or hold as a long-term asset. Cash-only sale. The gated community offers 24-hour concierge service, a swimming pool, tennis courts, clubhouse, and on-site laundry facilities. Convenient access to Highway 59, Loop 610, Beltway 8, and the Westpark Tollway makes commuting throughout Houston simple. Located near major shopping, dining, and business centers, this property offers solid upside in a high-demand Houston location.
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 | $8,500 (10%) | |
| Loan at closing | $76,500 | |
| Cosmetic renovation, rough estimate* | We fund $39,195 | |
| Total loan | $115,695 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($1,735) | |
| Appraisal | Required | |
| Estimated monthly interest | $940 at full draw | |
| Cash to close, rough estimate | $14,625 | |
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.
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