Listing photoNashville, TN 37211 · MLS 3243464
"Remodeled End Unit. New Vinyl Floors & new carpet. Laundry Connections, Newer HVAC Unit & water heater, Spacious Bedrooms and Closets. New Tub and Surround. Unit is vacant and easy to show. Deck has been repaired and freshly painted. Can be rented at $1500 per month. Perfect for Investors or First time Homebuyers. Close to Shopping, Bus Route, Interstate and minutes to Downtown Nashville. Not eligible for FHA or VA Financing. Hard money loan or cash buyer preferred."
320 Welch Rd Unit B1 is a 2-bedroom, 1.5-bath home in Nashville, Tennessee listed at $139,900 with 1,080 square feet, built in 1968. 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 ($13,990), we fund the $48,600 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Tennessee or our Tennessee hard money lending page.
From the listing. Remodeled end unit. New vinyl floors and new carpet. Laundry connections, newer HVAC unit and water heater, spacious bedrooms and closets. New tub and surround. Unit is vacant and easy to show. Deck has been repaired and freshly painted. Can be rented at $1,500 per month. Perfect for investors or first time homebuyers. Close to shopping, bus route, interstate and minutes to downtown Nashville. Not eligible for FHA or VA financing. Hard money loan or cash buyer preferred.
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 | $13,990 (10%) | |
| Loan at closing | $125,910 | |
| Cosmetic renovation, rough estimate* | We fund $48,600 | |
| Total loan | $174,510 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($2,618) | |
| Appraisal | Required | |
| Estimated monthly interest | $1,418 at full draw | |
| Cash to close, rough estimate | $20,998 | |
Rough estimates at the list price of $139,900 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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