Listing photoOrlando, FL 32804 · MLS O6413125
"Cash offers only; property requires full rehab."
1024 W Fairbanks Ave is a 2-bedroom, 1-bath home in Orlando, Florida listed at $235,000 with 1,212 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 25% down ($58,750), we fund the $144,430 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 Florida or our Florida hard money lending page.
From the listing. Prime Renovation Opportunity in Highly Desirable Orlando Location. Excellent choice for investors and contractors looking to capitalize on this value-add project located in a well-established area. This 2-bedroom, 1-bath home is being offered as a blank canvas, perfectly suited for a complete rehabilitation to maximize its After Repair Value (ARV). The structure features a solid 1952 foundation, offering a straightforward layout for a creative remodeling project. Situated in a prime location with significant upside potential, this property is the perfect candidate for your next Fix & Flip or long-term rental portfolio addition. Cash offers only; property requires full rehab. Bring your vision, bring your contractor, and take advantage of this rare find today!
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: 25% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | |
| Buyer down payment | $58,750 (25%) | |
| Loan at closing | $176,250 | |
| Full renovation, rough estimate* | We fund $144,430 | |
| Total loan | $320,680 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($4,810) | |
| Appraisal | Required | |
| Estimated monthly interest | $2,606 at full draw | |
| Cash to close, rough estimate | $67,950 | |
Rough estimates at the list price of $235,000 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.
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