Listing photoJacksonville, FL 32209 · MLS 2164836
"Cash or hard money only."
2418 Vernon Street is a 2-bedroom, 1-bath home in Jacksonville, Florida listed at $95,000 with 1,339 square feet, built in 1968. 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 ($9,500), we fund the $60,255 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Florida or our Florida hard money lending page.
From the listing. Investor opportunity ready for your portfolio in the Grand Park neighborhood of Jacksonville! This single-family home offers immediate income potential with market rents in the area running between $1,200 and $1,300 per month. Major mechanicals and capital expenditures are already taken care of, featuring a brand-new 2023 AC system, energy-efficient vinyl windows on the back of the home, and a solid 2011 roof. The interior boasts a clean, functional kitchen and a well-maintained bathroom in great condition, requiring minimal prep before tenant placement. Complete with a 1-car attached garage and a fully fenced yard, this low-maintenance property is primed for clean, predictable yields from day one. Cash or hard money only.
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 | $9,500 (10%) | |
| Loan at closing | $85,500 | |
| Cosmetic renovation, rough estimate* | We fund $60,255 | |
| Total loan | $145,755 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($2,186) | |
| Appraisal | Required | |
| Estimated monthly interest | $1,184 at full draw | |
| Cash to close, rough estimate | $16,076 | |
Rough estimates at the list price of $95,000 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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