Listing photo832 E Beecher StIndianapolis, Indiana
Indianapolis, IN 46203 · MLS 22122192
- 3 bd / 2 ba
- Bedrooms / baths
- 1,622 sq ft
- Living area
- 1910
- Year built
- 7,318 sq ft
- Lot
"Cash or hard money only."
832 E Beecher St is a 3-bedroom, 2-bath home in Indianapolis, Indiana listed at $99,900 with 1,622 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 ($9,990), we fund the $178,420 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Indiana or our Indiana hard money lending page.
From the listing. Rare double-lot flip/development opportunity in one of the near south side's most actively renovated historic pockets. This 3-bedroom, 1-bath (with plumbing already installed for a second full bath - potential for 2 full baths total), 1,622-square-foot home sits on 7,318 square feet across two parcels - roughly double the width of surrounding lots - with a solid foundation and the heavy, unglamorous work already done. What's already completed: a new roof, new upsized water and sewer lines, a functional furnace, and drainage that's nearly complete. The home has been gutted to the studs and insulation, reframed for an open first-floor layout. Fully custom, stamped architectural plans for a carriage house/ADU are available by request. Since the sewer and water lines are already upsized and ready for ADU tie-in, no new taps are needed - an estimated $15K-$20K savings off the build. Estimated $110K-$150K to finish out. After Repair Value: $275K-$375K, depending on the route the investor takes. Located in the Bates-Hendricks Historic District, walkable to Fountain Square and just minutes from downtown Indianapolis. Cash or hard money only.
Hard money financing on 832 E Beecher 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.
- 1. Your score740Qualifies, high-score terms
- 2. Your experience1 to 2 projectsTier 2: 10% down
- 3. Down payment10% down$9,990 at closing
- 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.
832 E Beecher St priced at the list price.
| Item | Fix and flip: 10% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | |
| Buyer down payment | $9,990 (10%) | |
| Loan at closing | $89,910 | |
| Full renovation, rough estimate* | We fund $178,420 | |
| Total loan | $268,330 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($4,025) | |
| Appraisal | Required | |
| Estimated monthly interest | $2,180 at full draw | |
| Cash to close, rough estimate | $18,405 | |
Rough estimates at the list price of $99,900 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 $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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