Listing photoLucerne Valley, CA 92356 · MLS DW26204637
"Although cash or hard money would be ideal, 32129 Sapphire Road could qualify for first time buyers with FHA 203(k) loan to finance..."
32129 Sapphire Rd is a 3-bedroom, 2-bath home in Lucerne Valley, California listed at $149,998 with 1,450 square feet, built in 1991. 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 20% down ($30,000), we fund the $159,500 renovation estimate in draws, and the loan closes in 2 weeks. The down payment steps with experience, credit and the size of the renovation. A California buyer can also close in 3 days with 35% down and no appraisal. See every hard money opportunity in California or our California hard money lending page.
From the listing. Great opportunity for investors, contractors, or buyers looking to create their own desert retreat! Located in Lucerne Valley, this 32129 Sapphire Road offers plenty of potential for renovation and customization. The home needs
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 | Option 1: 35% down | Option 2: 20% down |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | No |
| Buyer down payment | $30,000 (20%) | $52,499 (35%) |
| Loan at closing | $119,998 | $97,499 |
| Full renovation, rough estimate* | We fund $150,812 | Buyer pays $159,500 |
| Total loan | $270,811 | $97,499 |
| Rate, interest only | from 9.99% | 10.5% |
| Points | 1.5 ($4,062) | 1.5 ($1,462) |
| Appraisal | Required | None |
| Estimated monthly interest | $2,254 at full draw | $853 |
| Cash to close, rough estimate | $47,139 | $53,962 |
Rough estimates at the list price of $149,998 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. The no-appraisal option is available in major California markets. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
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Cash or hard money only"While not qualifying for traditional financing due to the age of the home, a hard money loan or cash will work."
Cash or hard money only"Cash only. Property needs TLC."
Cash or hard money only"CASH OFFERS ONLY."
Get pre-qualified in one call and write your offer with the financing already lined up.
