Listing photoVictorville, CA 92395 · MLS IG26198809
"Cash offers or hard money financing preferred due to the property's current physical and regulatory condition."
16672 E St is a 3-bedroom, 1-bath home in Victorville, California listed at $200,000 with 1,146 square feet, built in 1952. 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 ($20,000), we fund the $51,570 renovation estimate in draws, and the loan closes in 2 weeks. The down payment steps with experience, credit and the size of the renovation. 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. Bring your contractor and your vision to this high-potential fixer-upper located in a desirable neighborhood. This compact, single-family home offers an incredible opportunity for investors, flippers, or DIY enthusiasts looking to build equity. Property is currently boarded up and sold strictly in "As-Is" condition. The structure and property currently carry active city code violations. The buyer will assume full responsibility for addressing, curing, and bringing all existing city violations into full compliance post-closing. Cash offers or hard money financing preferred due to the property's current physical and regulatory condition. Excellent margin for return on investment upon complete rehab and code clearance. Perfect canvas for a total tear-down and rebuild or a complete structural renovation (subject to local zoning and city approval). All inspections, due diligence, and verification of city lien/violation details are the sole responsibility of the buyer. Proof of funds or pre-approval required with all offers.
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 | $20,000 (10%) | $70,000 (35%) |
| Loan at closing | $180,000 | $130,000 |
| Cosmetic renovation, rough estimate* | We fund $51,570 | Buyer pays $51,570 |
| Total loan | $231,570 | $130,000 |
| Rate, interest only | from 9.99% | 10.5% |
| Points | 1.5 ($3,474) | 1.5 ($1,950) |
| Appraisal | Required | None |
| Estimated monthly interest | $1,928 at full draw | $1,138 |
| Cash to close, rough estimate | $27,864 | $71,950 |
Rough estimates at the list price of $200,000 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. 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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Cash or hard money only"CASH ONLY!"
Hard money welcome"CASH OR HARD MONEY PREFERRED."
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