5231 Whittier DriveSacramento, California

Sacramento, CA 95820 · MLS 226110751

List price

$295,000

3 bd / 1 ba
Bedrooms / baths: 1,040 sq ft
Living area: 1952
Year built: 4,792 sq ft
Lot

"CASH SALE ONLY."

Listed by James Naulty Newpoint Realty DRE #01383376 · (916) 535-0111

5231 Whittier Drive is a 3-bedroom, 1-bath home in Sacramento, California listed at $295,000 with 1,040 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 10% down ($29,500), we fund the $46,800 renovation estimate in draws, and the loan closes in 2 weeks. The down payment steps with experience, credit and the size of the renovation. A California buyer can also close in 3 days with 35% down and no appraisal. See every hard money opportunity in California or our California hard money lending page.

From the listing. Investor Special! Priced to Sell! Excellent investment opportunity in a great neighborhood. This 3-bedroom, 1-bath home is tenant occupied, offering immediate rental income for the new owner. Buyer to assume the existing tenant and purchase the property AS-IS. With the right vision and improvements, this property offers the potential for significant upside and built-in equity. Great opportunity for an investor looking to add to their portfolio or a buyer seeking a property with future potential. Priced to sell don't miss this opportunity! CASH SALE ONLY.

01 - Price This Property

Hard money financing on 5231 Whittier Drive: what you qualify for.

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.

List price $295,000

State CA

Your credit score, approximate

Type a number, like 720. A ballpark is fine and nothing is pulled. Leave it empty if you have no score.

Investment projects you completed in the last 3 years

Flips, rentals bought and sold, or builds. Decides the down payment.

Renovation budget

Our super rough estimate at $45 per sq ft. Put in your contractor's number if you have one.

After-repair value, if you know it

The loan stays under 75% of it. Leave blank to size on the price alone.

1. Your score740Qualifies
2. Your experience1 to 2 projects10% down at closing
3. Down payment10% down$29,500 at closing

You qualifyAt a 740 score with 1 completed project, you qualify for 10% down on this property with the renovation funded.

Option 1 - Close in 3 days

35% down

No appraisal. Closes like cash.

Cash to close, rough estimate $106,126

Loan at closing $191,750

Rate, interest only 10.5%

Why not. At 35% down the loan would be $191,750, under the $250,000 minimum on the 3-day program.

Option 2 - Fix and flip, experienced

10% down

We fund 100% of the renovation. Closes in 2 weeks.

Cash to close, rough estimate $38,575

Loan at closing $265,500

Rate, interest only from 9.25%

With one or two completed projects in three years and a light (up to a quarter of the price) renovation: up to 90% of the price at closing and 100% of the renovation.
Add an after-repair value to confirm the total: the loan is also capped at 70% of it.

02 - The Numbers at Closing

5231 Whittier Drive priced at the list price.

Item	Option 1: 35% down	Option 2: 10% down
At closing
Qualifies as entered	Yes	No
Buyer down payment	$29,500 (10%)	$103,250 (35%)
Loan at closing	$265,500	$191,750
Cosmetic renovation, rough estimate*	We fund $46,800	Buyer pays $46,800
Total loan	$312,300	$191,750
Rate, interest only	from 9.25%	10.5%
Points	1.5 ($4,685)	1.5 ($2,876)
Appraisal	Required	None
Estimated monthly interest	$2,407 at full draw	$1,678
Cash to close, rough estimate	$38,575	$106,126

Rough estimates at the list price of $295,000 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 takes a 740 score or a deeper track record; a first flip under 720 puts 25% down. The no-appraisal option is available in major California markets. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.

We are the lender, not the listing agent. This property is listed by James Naulty, Newpoint Realty ((916) 535-0111). To see it or make an offer, contact James directly, or work with your own buyer's agent. The numbers on this page are simply what our financing would look like on this property. Viewing them is not a commitment to borrow from us, and you are free to finance the purchase however you choose. We do not represent buyers or sellers.

Request the Term Sheet Call (323) 304-4978

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