Listing photoRochester, NY 14609 · MLS R1713397
"This home needs some TLC but has SO MUCH POTENTIAL!!! Estate sale - property sold as is."
212 Springfield Ave is a 3-bedroom, 1-bath home in Rochester, New York listed at $59,900 with 1,224 square feet, built in 1950. 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 ($5,990), we fund the $55,080 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in New York or our New York hard money lending page.
From the listing. CLASSIC THREE BEDROOM CAPE in the HEART of the NORTHLAND-LYCEUM NEIGHBORHOOD. This home needs some TLC but has SO MUCH POTENTIAL. Estate sale, property 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 | $5,990 (10%) | |
| Loan at closing | $53,910 | |
| Cosmetic renovation, rough estimate* | We fund $55,080 | |
| Total loan | $108,990 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($1,635) | |
| Appraisal | Required | |
| Estimated monthly interest | $886 at full draw | |
| Cash to close, rough estimate | $12,015 | |
Rough estimates at the list price of $59,900 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 Rochester All New York opportunities Hard money lender in New York Fix and flip loans Every live opportunity
Investor special"Home is being sold 'As-Is', lots of room to roam but needs some TLC."
Investor special"This 3 bedroom, 1 bath property offers tons of potential and is ready for a full rehab."
"INVESTOR SPECIAL, priced WAY below assessed value!!!"
Get pre-qualified in one call and write your offer with the financing already lined up.
