Listing photoMiami, FL 33150 · MLS A12121148
"This deal is a cash only opportunity."
8020 NW 8th Ave is a 4-bedroom, 2-bath home in Miami, Florida listed at $425,000 with 1,416 square feet, built in 1933. 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 ($42,500), we fund the $63,720 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 Florida or our Florida hard money lending page.
From the listing. Incredible investment opportunity in the up and coming West Little River neighborhood. Two structures on the property zoned each with a bathroom and two bedrooms on a large lot at 8700 square feet. The structures are somewhat distressed needing new flooring and overall updates. The quiet street is around the corner from the police station in an area that is quickly growing with easy access to I-95. PA Primary Zone 5700 DUPLEXES - GENERAL Primary Land Use 0802 MULTIFAMILY 2-9 UNITS : 2 LIVING UNITS This deal is a cash only opportunity.
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 | $42,500 (10%) | |
| Loan at closing | $382,500 | |
| Cosmetic renovation, rough estimate* | We fund $63,720 | |
| Total loan | $446,220 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($6,693) | |
| Appraisal | Required | |
| Estimated monthly interest | $3,626 at full draw | |
| Cash to close, rough estimate | $53,583 | |
Rough estimates at the list price of $425,000 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 takes a 740 score or a deeper track record; a first flip under 720 puts 25% down. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
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