Listing photo104 Cabot CtSpartanburg, South Carolina
Spartanburg, SC 29306 · MLS 1599515
- 3 bd / 1 ba
- Bedrooms / baths
- 1,152 sq ft
- Living area
- 1965
- Year built
- 10,018 sq ft
- Lot
"Investor Special!"
104 Cabot Ct is a 3-bedroom, 1-bath home in Spartanburg, South Carolina listed at $94,500 with 1,152 square feet, built in 1965. 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 25% down ($23,625), we fund the $51,885 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 South Carolina or our South Carolina hard money lending page.
From the listing. Investor special with outstanding value-add potential! This 3-bedroom, 1-bath ranch offers approximately 1,152 square feet on a level lot in an established Spartanburg neighborhood. The property is presented as renovation-ready, suited for investors and flippers seeking equity-building opportunities. Located conveniently near downtown Spartanburg, medical facilities, parks, colleges, and shopping. The property is marketed as-is and where-is.
Hard money financing on 104 Cabot Ct: 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.
- 1. Your score740Qualifies
- 2. Your experience1 to 2 projectsTier 2: 25% down
- 3. Down payment25% down$23,625 at closing
- Experience Tier 2 on 1 completed project in three years with a heavy (50% to 100% of the price) renovation: up to 75% of the price at closing, 100% of the renovation funded.
- Keep the renovation at $47,250 or less (half the price) and it prices at 10% down.
104 Cabot Ct priced at the list price.
| Item | Fix and flip: 25% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | |
| Buyer down payment | $23,625 (25%) | |
| Loan at closing | $70,875 | |
| Cosmetic renovation, rough estimate* | We fund $51,885 | |
| Total loan | $122,760 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($1,841) | |
| Appraisal | Required | |
| Estimated monthly interest | $997 at full draw | |
| Cash to close, rough estimate | $29,856 | |
Rough estimates at the list price of $94,500 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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