Listing photoNorfolk, VA 23513 · MLS 10649790
"Please note that due to current condition, the property may not qualify for all financing types."
851 Widgeon Rd is a 3-bedroom, 1.5-bath home in Norfolk, Virginia listed at $184,900 with 1,382 square feet, built in 1952. 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 ($18,490), we fund the $62,190 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 Virginia or our Virginia hard money lending page.
From the listing. Welcome to a home filled with potential! This 3-bedroom, 1.5-bath ranch style home offers a functional layout ready for your personal touch. Enjoy versatile space with a bonus living area, dedicated dining room, eat-in kitchen, and a sunroom perfect for relaxing. Additional features include an oversized 1-car detached garage and plenty of space to customize. Please note that due to current condition, the property may not qualify for all financing types. Bring your vision and make this home your own!
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 | $18,490 (10%) | |
| Loan at closing | $166,410 | |
| Cosmetic renovation, rough estimate* | We fund $62,190 | |
| Total loan | $228,600 | |
| Rate, interest only | from 9.99% | |
| Points | 1.5 ($3,429) | |
| Appraisal | Required | |
| Estimated monthly interest | $1,903 at full draw | |
| Cash to close, rough estimate | $26,309 | |
Rough estimates at the list price of $184,900 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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