Listing photoTacoma, WA 98405 · MLS 2572009
"The condition suggests this is best suited for a cash purchase or renovation financing."
1220 Yakima Avenue is a 4-bedroom, 2-bath home in Tacoma, Washington listed at $445,000 with 1,699 square feet, built in 1910. 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 ($44,500), we fund the $76,455 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 Washington or our Washington hard money lending page.
From the listing. Located in Tacoma's Yakima neighborhood, this 4BD/2BA Victorian duplex presents a full rehabilitation opportunity for investors, builders, or buyers looking to create value from the ground up. The structure is currently in derelict condition and will require extensive repairs and updates throughout. Significant deferred maintenance affects the exterior (siding, roofing, windows) and interior systems (flooring, walls, electrical, plumbing, HVAC). It is marketed as a "true fixer-upper being sold as-is" suitable for cash purchases or renovation financing, with potential for value creation following comprehensive rehabilitation work.
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 | $44,500 (10%) | |
| Loan at closing | $400,500 | |
| Cosmetic renovation, rough estimate* | We fund $76,455 | |
| Total loan | $476,955 | |
| Rate, interest only | from 9.99% | |
| Points | 1.5 ($7,154) | |
| Appraisal | Required | |
| Estimated monthly interest | $3,971 at full draw | |
| Cash to close, rough estimate | $56,044 | |
Rough estimates at the list price of $445,000 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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