Listing photo1629 N Poplar AveWichita, Kansas
Wichita, KS 67214 · MLS 678983
- 3 bd / 1 ba
- Bedrooms / baths
- 1,340 sq ft
- Living area
- 1940
- Year built
- 6,534 sq ft
- Lot
"What a GREAT INVESTMENT OPPORTUNITY! This RE-HAB / FIXER UPPER home features a 3 bedroom, 1 bathroom and an unfinished basement. ... This home is waiting for an investor or a first time buyer to finish the work."
1629 N Poplar Ave is a 3-bedroom, 1-bath home in Wichita, Kansas listed at $85,000 with 1,340 square feet, built in 1940. 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 ($8,500), we fund the $60,300 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Kansas or our Kansas hard money lending page.
From the listing. What a GREAT INVESTMENT OPPORTUNITY! This RE-HAB / FIXER UPPER home features a 3 bedroom, 1 bathroom and an unfinished basement. NEW Plumbing, New Electrical, New Windows, NEW ROOF, New AC unit, NEW Heater, New Water heater, NEW SIDING and NEW gas plumbing. This home is waiting for an investor or a first time buyer to finish the work.
Hard money financing on 1629 N Poplar Ave: what you qualify for.
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.
- 1. Your score740Qualifies, high-score terms
- 2. Your experience1 to 2 projectsTier 2: 10% down
- 3. Down payment10% down$8,500 at closing
- A 740 or better score on a purchase under $750,000 gets the high-score terms: the loan can reach 90% of after-repair value instead of 75%.
- Experience Tier 2 on 1 completed project in three years: 10% down, 100% of the renovation funded.
1629 N Poplar Ave priced at the list price.
| Item | Fix and flip: 10% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | |
| Buyer down payment | $8,500 (10%) | |
| Loan at closing | $76,500 | |
| Cosmetic renovation, rough estimate* | We fund $60,300 | |
| Total loan | $136,800 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($2,052) | |
| Appraisal | Required | |
| Estimated monthly interest | $1,112 at full draw | |
| Cash to close, rough estimate | $14,942 | |
Rough estimates at the list price of $85,000 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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