Listing photoMount Vernon, NY 10550 · MLS 1058287
"Cash or 203(k) rehabilitation loan buyers only."
21 Johnson St is a 3-bedroom, 2-bath home in Mount Vernon, New York listed at $325,000 with 1,600 square feet, built in 1950. 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 ($32,500), we fund the $176,000 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. Bring your vision to this Mount Vernon single-family home offering 3 bedrooms, 2 baths, a detached 2-car garage, and the opportunity for renovation. The first floor includes a sunroom, living room, dining room, eat-in kitchen, and full bath. The second floor includes 3 bedrooms and a full bath.
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 | |
| Full renovation, rough estimate* | We fund $170,925 | |
| Total loan | $463,425 | |
| Rate, interest only | from 9.99% | |
| Points | 1.5 ($6,951) | |
| Appraisal | Required | |
| Estimated monthly interest | $3,858 at full draw | |
| Cash to close, rough estimate | $48,916 | |
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 $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. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
More hard money deals in Mount Vernon All New York opportunities Hard money lender in New York Fix and flip loans Every live opportunity Price deals in ChatGPT with our app
Cash or hard money only"Cash Buyers Only!"
Cash or hard money only"The property requires significant repairs and is priced accordingly; * * cash offers only * * with proof of funds required."
Hard money welcome"Cash or hard money preferred."
Get pre-qualified in one call and write your offer with the financing already lined up.
