Listing photoTexas City, TX 77590 · MLS 11972025
"The property is being sold AS IS and provides the opportunity for an investor to renovate, improve, and create substantial value."
2421 12th Ave N is a 3-bedroom, 1-bath home in Texas City, Texas listed at $109,800 with 1,610 square feet, built in 1962. 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 ($27,450), we fund the $72,450 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 Texas or our Texas hard money lending page.
From the listing. INVESTOR SPECIAL! Great opportunity for an investor looking for a property with significant potential in Texas City. Situated on an approximately 0.43-acre lot, this 1,610-square-foot property offers an excellent combination of house and land for a renovation or value-add project. The property is being sold AS IS and provides the opportunity for an investor to renovate, improve, and create substantial value. Nearby renovated and improved homes of similar size have demonstrated solid resale potential, with recent comparable properties selling in the $200,000+ range - a 1,307-square-foot home sold for $212,000 in April 2026. Whether you're looking for your next flip, rental property, or renovation, this property offers plenty of room to bring your vision to life. Large lot, excellent investment potential, and a location with nearby renovated properties supporting the opportunity. Bring your contractor and explore the possibilities this is an opportunity investors won't want to miss!
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: 25% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | |
| Buyer down payment | $27,450 (25%) | |
| Loan at closing | $82,350 | |
| Cosmetic renovation, rough estimate* | We fund $72,450 | |
| Total loan | $154,800 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($2,322) | |
| Appraisal | Required | |
| Estimated monthly interest | $1,258 at full draw | |
| Cash to close, rough estimate | $34,162 | |
Rough estimates at the list price of $109,800 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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Cash or hard money only"This is a CASH-ONLY sale; the seller will NOT consider creative financing, seller-carry terms, or equitable interest assignments."
Cash or hard money only"Cash buyers only."
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