Listing photoStaten Island, NY 10314 · MLS 2605310
"With a little TLC, this house can truly shine and become your dream home."
120 Tillman St is a 4-bedroom, 2.5-bath home in Staten Island, New York listed at $1,100,000 with 2,317 square feet, built in 1975. 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 ($110,000), we fund the $104,265 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. Fannie Mae has approved this property to be marketed for an online sale with Auction.com. This property is occupied with no access, full of potential and ready for your personal touch! Featuring beautiful wood floors throughout, four spacious bedrooms, and a large backyard perfect for entertaining, gardening, or relaxing. Located in a beautiful neighborhood with an easy commute to Brooklyn and the Manhattan, this property offers the perfect combination of space, location, and opportunity. With a little TLC, this house can truly shine and become your dream home. The kitchen showcases granite countertops that anchor the cooking and dining space. Ceramic tile bathrooms provide durable. The finished basement expands the usable space with flexible areas for recreation, storage, or additional bedrooms. A private driveway with attached garage provides convenient off-street parking. AGENT/BROKER PLEASE DO NOT DISTURB ANY OCCUPANTS! Please contact the listing agent for occupancy status.
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 | Pre-screen | |
| Buyer down payment | $110,000 (10%) | |
| Loan at closing | $990,000 | |
| Cosmetic renovation, rough estimate* | We fund $104,265 | |
| Total loan | $1,094,265 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($16,414) | |
| Appraisal | Required | |
| Estimated monthly interest | $8,891 at full draw | |
| Cash to close, rough estimate | $130,804 | |
Rough estimates at the list price of $1,100,000 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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