Listing photoJamaica, NY 11435 · MLS 1000650
"Property is being sold AS-IS, all-cash deal only."
10611 Remington St is a 4-bedroom, 2.5-bath home in Jamaica, New York listed at $579,000 with 1,257 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 1 to 2 completed projects and a 740 score puts 10% down ($57,900), we fund the $56,565 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 New York or our New York hard money lending page.
From the listing. Single-family home located at 10611 Remington St, Jamaica, NY 11435, featuring 4 bedrooms and 3 bathrooms with a full basement. Situated on a 28 x 100 ft lot, the property offers approximately 1,257 sq ft of building space and is zoned R4-1. This is an auction flip opportunity, ideal for investors seeking value-add potential in a growing area. Property is being sold AS-IS, all-cash deal 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 | $57,900 (10%) | |
| Loan at closing | $521,100 | |
| Cosmetic renovation, rough estimate* | We fund $56,565 | |
| Total loan | $577,665 | |
| Rate, interest only | from 9.99% | |
| Points | 1.5 ($8,665) | |
| Appraisal | Required | |
| Estimated monthly interest | $4,809 at full draw | |
| Cash to close, rough estimate | $70,955 | |
Rough estimates at the list price of $579,000 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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