Listing photoVirginia Beach, VA 23462 · MLS 10656728
"Great opportunity for investors or cash buyers."
985 Birch Rd is a 4-bedroom, 2-bath home in Virginia Beach, Virginia listed at $210,000 with 1,716 square feet, built in 1977. 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 ($21,000), we fund the $77,220 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 Virginia or our Virginia hard money lending page.
From the listing. Investor Special! As-Is Short Sale. Great opportunity for investors or cash buyers. Property sold strictly as-is; seller will make no repairs or offer any assistance. Roof, skylight, and HVAC approximately 5 years old. This is a short sale; final price subject to third-party (bank) approval, and closing timeline will depend on lender response. No seller assistance, no contingencies, and no repairs offered. Bring all offers; seller will present to bank for approval.
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 | $21,000 (10%) | |
| Loan at closing | $189,000 | |
| Cosmetic renovation, rough estimate* | We fund $77,220 | |
| Total loan | $266,220 | |
| Rate, interest only | from 9.99% | |
| Points | 1.5 ($3,993) | |
| Appraisal | Required | |
| Estimated monthly interest | $2,216 at full draw | |
| Cash to close, rough estimate | $29,383 | |
Rough estimates at the list price of $210,000 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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