Listing photoSmyrna, TN 37167 · MLS 3318603
"No electric meter and new water meter is being installed! Square footage is not accurate! Cash or hard money loan only due to condition of the property! It's a full gut or teardown!"
7099 S Lamar Rd is a 2-bedroom, 1-bath home in Smyrna, Tennessee listed at $109,900 with 1,378 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 ($10,990), we fund the $151,580 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Tennessee or our Tennessee hard money lending page.
From the listing. No electric meter and new water meter is being installed! Square footage is not accurate! Cash or hard money loan only due to condition of the property! Its a full gut or teardown!
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 | $10,990 (10%) | |
| Loan at closing | $98,910 | |
| Major renovation, rough estimate* | We fund $151,580 | |
| Total loan | $250,490 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($3,757) | |
| Appraisal | Required | |
| Estimated monthly interest | $2,035 at full draw | |
| Cash to close, rough estimate | $19,137 | |
Rough estimates at the list price of $109,900 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 $110 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"AS IS SALE- CASH Only Sale. Here is a great Brick property with fenced in backyard to add to your Portfoilo with great Bones!! Property is a Spacious 2 Bedroom with 1 full bath. Seller prefers Quick close, NO Wholesalers, No Assignmments, NO Hard Money, No Creative Financing and No Loans. (Cash ONLY Sale)."
Cash or hard money only"Short Sale Opportunity! ...some upgrades have been completed since the purchase in 2023 but this sale will need to be cash, hard money or renovation loan only~this is a short sale so patience will be needed to complete the transaction and buyers should plan on around a 2 month contract to close timeline~all offers require proof of funds or preapproval letter to be submitted with offer."
Get pre-qualified in one call and write your offer with the financing already lined up.
