Listing photoNorfolk, VA 23523 · MLS 10653974
"Investor Special Home sold AS-IS Seller to make no repairs Seller willing to owner finance Home includes 3 additional parcels"
921 Waltham St is a 4-bedroom, 2.5-bath home in Norfolk, Virginia listed at $259,000 with 2,086 square feet, built in 2005. 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 ($25,900), we fund the $93,870 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Virginia or our Virginia hard money lending page.
From the listing. Investor Special Home sold AS-IS Seller to make no repairs Seller willing to owner finance Home includes 3 additional parcels
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 | $25,900 (10%) | |
| Loan at closing | $233,100 | |
| Cosmetic renovation, rough estimate* | We fund $93,870 | |
| Total loan | $326,970 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($4,905) | |
| Appraisal | Required | |
| Estimated monthly interest | $2,657 at full draw | |
| Cash to close, rough estimate | $35,195 | |
Rough estimates at the list price of $259,000 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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Investor special"Property to be sold AS-IS."
Investor special"Property is being sold as-is."
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