Listing photoTaylor, MI 48180
"This well maintained 2 bedroom Co-op is the most convenient home you will ever have. There is plenty of room out back. This owner installed fencing for pets, kids or just privacy. Nestled comfortably just off of Telegraph, this unit is minutes from major expressways, shopping, entertainment and the airport. This community also has a clubhouse and several private parks to maximize your enjoyment and give you room to roam. The $625 dues includes taxes, building insurance, water, gas, lawn maintenance, snow removal, furnace repairs, hot water tank, roof, outside maintenance, stove, fridge and a/c. This is a CASH only sale. This is a Cooperative membership. Units are not approved for rental."
9612 Cornell St #51 is a 2-bedroom, 1-bath home in Taylor, Michigan listed at $55,000 with 1,094 square feet. 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 ($5,500), we fund the $49,230 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Michigan or our Michigan hard money lending page.
From the listing. This well maintained 2 bedroom Co-op is the most convenient home you will ever have. There is plenty of room out back. This owner installed fencing for pets, kids or just privacy. Nestled comfortably just off of Telegraph, this unit is minutes from major expressways, shopping, entertainment and the airport. This community also has a clubhouse and several private parks to maximize your enjoyment and give you room to roam. The $625 dues includes taxes, building insurance, water, gas, lawn maintenance, snow removal, furnace repairs, hot water tank, roof, outside maintenance, stove, fridge and a/c. This is a CASH only sale. This is a Cooperative membership. Units are not approved for rental.
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 | $5,500 (10%) | |
| Loan at closing | $49,500 | |
| Cosmetic renovation, rough estimate* | We fund $49,230 | |
| Total loan | $98,730 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($1,481) | |
| Appraisal | Required | |
| Estimated monthly interest | $802 at full draw | |
| Cash to close, rough estimate | $11,371 | |
Rough estimates at the list price of $55,000 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.
More hard money deals in Taylor All Michigan opportunities Hard money lender in Michigan Fix and flip loans Every live opportunity
Cash or hard money only"This is a CASH ONLY Sale."
Cash or hard money only"* * Estate Sale * * 2 Bedroom Warren Ranch- Perfect flip or rental! Amenities include; newer roof , newer electric, some newer windows, enclosed front porch, basement, nice 2 car detached garage, fenced yard. Subject to probate court approval, CASH ONLY sale. Agents, please read the agents remarks before submitting an offer . Property must be listed for 10 days before any offer can be accepted, please allow 24-72 business hours for Attorney review, sorry NO split closings."
Cash or hard money only"Seller is looking for cash or hard money offers only. House is being sold without a furnace or hot water tank. Seller will not make repairs."
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