Listing photoSeattle, WA 98133 · MLS 2577127
"Investor Special – Classic Home with Character and Endless Potential. Bring your vision and restore the charm of this character-filled home! Featuring 5 bedrooms and 1.75 bathrooms, this property offers a flexible floor plan... While the home is in rough condition and in need of significant updates, it presents an excellent opportunity for investors, flippers, or buyers looking to build sweat equity."
945 N 103rd St is a 4-bedroom, 2-bath home in Seattle, Washington listed at $495,000 with 2,020 square feet, built in 1926. 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 ($49,500), we fund the $90,900 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Washington or our Washington hard money lending page.
From the listing. Investor Special – Classic Home with Character and Endless Potential. Bring your vision and restore the charm of this character-filled home! Featuring 5 bedrooms and 1.75 bathrooms, this property offers a flexible floor plan with two bedrooms on the main floor and two additional bedrooms in the finished attic. While the home is in rough condition and in need of significant updates, it presents an excellent opportunity for investors, flippers, or buyers looking to build sweat equity. The unfinished basement offers additional potential for storage, workspace, or future expansion, and includes access to the one-car basement garage.
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 | $49,500 (10%) | |
| Loan at closing | $445,500 | |
| Cosmetic renovation, rough estimate* | We fund $90,900 | |
| Total loan | $536,400 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($8,046) | |
| Appraisal | Required | |
| Estimated monthly interest | $4,358 at full draw | |
| Cash to close, rough estimate | $61,936 | |
Rough estimates at the list price of $495,000 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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