Listing photoRex, GA 30273 · MLS 10817175
"This is a cash-only sale AS IS" for a buyer looking to restore this unique home to its full glory."
6800 Old Macon Hwy is a 5-bedroom, 2-bath home in Rex, Georgia listed at $369,000 with 2,460 square feet, built in 1960. 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 ($36,900), we fund the $110,700 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 Georgia or our Georgia hard money lending page.
From the listing. Motivated Seller!! This unique home is full of potential and craftsmanship. Reconstructed as a five-bedroom, two-bath property with room to grow. The property also features a 32x48-foot barn with a 12x48 loft. This is a cash-only sale AS IS for a buyer looking to restore this unique home to its full glory.
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 | $36,900 (10%) | |
| Loan at closing | $332,100 | |
| Cosmetic renovation, rough estimate* | We fund $110,700 | |
| Total loan | $442,800 | |
| Rate, interest only | from 9.99% | |
| Points | 1.5 ($6,642) | |
| Appraisal | Required | |
| Estimated monthly interest | $3,686 at full draw | |
| Cash to close, rough estimate | $47,932 | |
Rough estimates at the list price of $369,000 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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Cash or hard money only"Cash or renovation/hard-money financing recommended — not expected to qualify for conventional, FHA, or VA in current condition."
Investor special"Cash, hard-money, or conventional financing only."
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