Listing photo4508 NE 49th TerKansas City, Missouri
Kansas City, MO 64119 · MLS 2642386
- 3 bd / 2 ba
- Bedrooms / baths
- 1,544 sq ft
- Living area
- 1957
- Year built
- 10,890 sq ft
- Lot
"Home is being sold AS IS, this property is a great opportunity for investors or buyers looking to build equity with some updates and improvements."
4508 NE 49th Ter is a 3-bedroom, 2-bath home in Kansas City, Missouri listed at $225,000 with 1,544 square feet, built in 1957. 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 ($22,500), we fund the $69,480 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Missouri or our Missouri hard money lending page.
From the listing. DON’T MISS OUT on this 3-bedroom, 2-bath tri-level home in North Kansas City Schools! Featuring beautiful original hardwood floors and a nicely remodeled upstairs bathroom. Enjoy a spacious backyard and a peaceful, quiet street with plenty of potential to make this home your own. Home is being sold AS IS, this property is a great opportunity for investors or buyers looking to build equity with some updates and improvements.
Hard money financing on 4508 NE 49th Ter: 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$22,500 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.
4508 NE 49th Ter priced at the list price.
| Item | Fix and flip: 10% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | |
| Buyer down payment | $22,500 (10%) | |
| Loan at closing | $202,500 | |
| Cosmetic renovation, rough estimate* | We fund $69,480 | |
| Total loan | $271,980 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($4,080) | |
| Appraisal | Required | |
| Estimated monthly interest | $2,210 at full draw | |
| Cash to close, rough estimate | $30,970 | |
Rough estimates at the list price of $225,000 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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