Listing photo846 Berwood DrJackson, Mississippi
Jackson, MS 39206 · MLS 4150748
- 3 bd / 2 ba
- Bedrooms / baths
- 2,145 sq ft
- Living area
- 1958
- Year built
- 2,178 sq ft
- Lot
""As is" CASH ONLY sale with no contingencies or inspections. Buyer will be responsible for obtaining possession of the property upon closing."
846 Berwood Dr is a 3-bedroom, 2-bath home in Jackson, Mississippi listed at $110,000 with 2,145 square feet, built in 1958. 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 ($11,000), we fund the $96,525 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Mississippi or our Mississippi hard money lending page.
From the listing. AUCTION-OCCUPIED. This affordable ranch home offers 3 beds, 2 baths, and an attached carport. The home is sold as-is with NO property disclosure or inspection reports, NO interior photos, NO LEASE in place, NO ACCESS, the seller does not represent or guarantee occupancy status. Please DO NOT DISTURB the occupant. As is CASH ONLY sale with no contingencies or inspections. Buyer will be responsible for obtaining possession of the property upon closing.
Hard money financing on 846 Berwood Dr: 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$11,000 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.
846 Berwood Dr priced at the list price.
| Item | Fix and flip: 10% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | |
| Buyer down payment | $11,000 (10%) | |
| Loan at closing | $99,000 | |
| Cosmetic renovation, rough estimate* | We fund $96,525 | |
| Total loan | $195,525 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($2,933) | |
| Appraisal | Required | |
| Estimated monthly interest | $1,589 at full draw | |
| Cash to close, rough estimate | $18,323 | |
Rough estimates at the list price of $110,000 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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