Listing photo3216 Hamilton AveBaltimore, Maryland
Baltimore, MD 21214 · MLS MDBA2224854
- 7 bd / 3 ba
- Bedrooms / baths
- 2,912 sq ft
- Living area
- 1924
- Year built
- 27,443 sq ft
- Lot
"NO ACCESS OR VIEWINGS of this property."
3216 Hamilton Ave is a 7-bedroom, 3-bath home in Baltimore, Maryland listed at $248,900 with 2,912 square feet, built in 1924. 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 15% down ($37,335), we fund the $320,320 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 Maryland or our Maryland hard money lending page.
From the listing. NO ACCESS OR VIEWINGS of this property. Please DO NOT DISTURB the occupant. Take a drive by this four bedroom, three bath home and see if it may be your next investment. "As is" cash only sale with no contingencies or inspections. Buyer will be responsible for obtaining possession of the property upon closing.
Hard money financing on 3216 Hamilton 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
- 2. Your experience1 to 2 projectsTier 2: 15% down
- 3. Down payment15% downNot priced as entered: see why below
3216 Hamilton Ave priced at the list price.
| Item | Fix and flip: 15% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | No | |
| Buyer down payment | $37,335 (15%) | |
| Loan at closing | $211,565 | |
| Full renovation, rough estimate* | We fund $320,320 | |
| Total loan | $531,885 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($7,978) | |
| Appraisal | Required | |
| Estimated monthly interest | $4,322 at full draw | |
| Cash to close, rough estimate | $49,703 | |
Rough estimates at the list price of $248,900 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 $110 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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