9720 Stead CtJacksonville, Florida

Jacksonville, FL 32221 · MLS 2141256

List price

$271,950

4 bd / 3 ba
Bedrooms / baths: 1,972 sq ft
Living area: 1992
Year built: 9,147 sq ft
Lot

"Property requires extensive repairs and is being sold cash only."

Listed by Jennifer Hendry CROSSVIEW REALTY (904) 503-0672

9720 Stead Ct is a 4-bedroom, 3-bath home in Jacksonville, Florida listed at $271,950 with 1,972 square feet, built in 1992. 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 10% down ($27,195), we fund the $216,920 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 Florida or our Florida hard money lending page.

From the listing. Cash opportunity. Investor opportunity at 9720 Stead Ct with 4-bedroom, 3-bath layout and strong renovation potential. Screened lanai, fenced backyard, 2-car garage. Property requires extensive repairs and is being sold cash only. Home will not be delivered vacant and will convey with personal property remaining. Utilities are NOT on. Sold AS-IS NO repairs.

01 - Price This Property

Hard money financing on 9720 Stead Ct: 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 $271,950

State FL

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 $110 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
2. Your experience1 to 2 projects10% down at closing
3. Down payment10% down$27,195 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 $47,838

Loan at closing $244,755

Rate, interest only from 9.99%

The cap of 92.5% of the total cost leaves $9,470 of the renovation for the buyer.
With one to four completed projects in three years and a moderate (half to all of the price) renovation: up to 90% of the price at closing and up to 100% of the renovation.
Ten or more completed flips (five in this state) with a 720 score reach 100% financing on this property.
Add an after-repair value to confirm the total: the loan is also capped at 72.5% of it.

02 - The Numbers at Closing

9720 Stead Ct priced at the list price.

Item		Fix and flip: 10% down
At closing
Qualifies as entered	Yes
Buyer down payment	$27,195 (10%)
Loan at closing	$244,755
Full renovation, rough estimate*	We fund $207,450
Total loan	$452,205
Rate, interest only	from 9.99%
Points	1.5 ($6,783)
Appraisal	Required
Estimated monthly interest	$3,765 at full draw
Cash to close, rough estimate	$47,838

Rough estimates at the list price of $271,950 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.

We are the lender, not the listing agent. This property is listed by Jennifer Hendry, CROSSVIEW REALTY ((904) 503-0672). To see it or make an offer, contact Jennifer 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

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