Listing photoPhiladelphia, PA 19120 · MLS PAPH2682680
"Terms: Cash, Hard or Private Money only."
5047 N 8th St is a 3-bedroom, 1-bath home in Philadelphia, Pennsylvania listed at $129,000 with 1,092 square feet, built in 1935. 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 ($12,900), we fund the $49,140 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 Pennsylvania or our Pennsylvania hard money lending page.
From the listing. Great investment deal in the Olney Neighborhood of Philadelphia, PA over at 5047 N 8th St, Philadelphia PA, 19120. It's a 3 Bedroom with 1 bath and has 1,092 sq. ft. , currently owner occupied but will be delivered vacant. Perfect for investors or savvy buyers. This property offers endless possibilities: flip it, rent it, hold it, or customize it to suit your vision! Additional Information/Conditions: Interior row property/House is in good shape Terms: Cash, Hard or Private Money only. The property comes in "AS-IS" condition. Buyer pays all closing costs, escrow fees, and transfer tax. Open escrow with a $5,000 non-refundable earnest deposit to our title company of choice. Buyer t
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 | $12,900 (10%) | |
| Loan at closing | $116,100 | |
| Cosmetic renovation, rough estimate* | We fund $49,140 | |
| Total loan | $165,240 | |
| Rate, interest only | from 9.99% | |
| Points | 1.5 ($2,479) | |
| Appraisal | Required | |
| Estimated monthly interest | $1,376 at full draw | |
| Cash to close, rough estimate | $19,769 | |
Rough estimates at the list price of $129,000 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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