Listing photoTaft, CA 93268 · MLS 202608996
"This unique 3-bedroom, 1-bath property is being offered as a cash-only sale and is ready for someone with vision to bring it back to life."
518 Wilson Ave is a 3-bedroom, 1-bath home in Taft, California listed at $180,000 with 1,486 square feet, built in 1950. 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 ($18,000), we fund the $163,460 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. A California buyer can also close in 3 days with 35% down and no appraisal. See every hard money opportunity in California or our California hard money lending page.
From the listing. Investor opportunity with tons of potential! This unique 3-bedroom, 1-bath property is being offered as a cash-only sale and is ready for someone with vision to bring it back to life. The home features a large living area, formal dining space, exposed ceiling beams, and a fireplace that add warmth and character throughout. Situated on a generously sized lot with numerous fruit trees and plenty of outdoor space, the property offers endless possibilities for improvements, expansion, gardening, entertaining, or creating a truly special retreat.
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 | Option 1: 35% down | Option 2: 10% down |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | No |
| Buyer down payment | $18,000 (10%) | $63,000 (35%) |
| Loan at closing | $162,000 | $117,000 |
| Full renovation, rough estimate* | We fund $163,460 | Buyer pays $163,460 |
| Total loan | $325,460 | $117,000 |
| Rate, interest only | from 9.25% | 10.5% |
| Points | 1.5 ($4,882) | 1.5 ($1,755) |
| Appraisal | Required | None |
| Estimated monthly interest | $2,509 at full draw | $1,024 |
| Cash to close, rough estimate | $27,272 | $64,755 |
Rough estimates at the list price of $180,000 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 $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. The no-appraisal option is available in major California markets. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
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