Listing photoMiami, FL 33181 · MLS A12035022
"Handyman special and a great opportunity to create your own vision in this spacious two-story townhouse located in the gated Northgate community."
1655 NE 115th St Unit 29B is a 2-bedroom, 2.5-bath home in Miami, Florida listed at $325,000 with 1,285 square feet, built in 1974. 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 ($32,500), we fund the $57,825 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. Handyman special and a great opportunity to create your own vision in this spacious two-story townhouse located in the gated Northgate community. Featuring 2 bedrooms, 2.5 bathrooms, high ceilings on the second floor, in-unit laundry, a private balcony, and a small fenced front yard. The unit also includes an assigned covered parking space. Community amenities include a swimming pool, gated entry, and well-maintained grounds. Perfect for an end user looking to customize or an investor seeking value-add potential.
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 | $32,500 (10%) | |
| Loan at closing | $292,500 | |
| Cosmetic renovation, rough estimate* | We fund $57,825 | |
| Total loan | $350,325 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($5,255) | |
| Appraisal | Required | |
| Estimated monthly interest | $2,846 at full draw | |
| Cash to close, rough estimate | $42,145 | |
Rough estimates at the list price of $325,000 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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