Listing photoNorfolk, VA 23503 · MLS 10654596
"Property to be sold AS-IS."
151 Osborne Rd is a 4-bedroom, 2-bath home in Norfolk, Virginia listed at $379,900 with 2,057 square feet, built in 1989. 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 ($37,990), we fund the $92,565 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. Bring your vision and a little TLC to this spacious 4-bedroom, 2,057-square-foot ranch! Situated at the end of a cul-de-sac, this 1.5-story home offers ample parking and a 2-car garage. The open living room features a fireplace and flows into the dining area and eat-in kitchen, which opens to a covered deck overlooking the fenced backyard with a patio and storage shed. The primary bedroom also opens to the deck and includes a private bath and walk-in closet. Two additional bedrooms share a hall bath, while the fourth bedroom is located over the garage, just off the entry hall. With updates and personal touches, this home offers plenty of space and potential. Property to be sold AS-IS.
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 | $37,990 (10%) | |
| Loan at closing | $341,910 | |
| Cosmetic renovation, rough estimate* | We fund $92,565 | |
| Total loan | $434,475 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($6,517) | |
| Appraisal | Required | |
| Estimated monthly interest | $3,530 at full draw | |
| Cash to close, rough estimate | $48,897 | |
Rough estimates at the list price of $379,900 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.
More hard money deals in Norfolk All Virginia opportunities Hard money lender in Virginia Fix and flip loans Every live opportunity
Investor special"Property is being sold as-is."
Investor special"Investor Special Home sold AS-IS Seller to make no repairs Seller willing to owner finance Home includes 3 additional parcels"
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