Listing photoBronx, NY 10467 · MLS 1034751
""CASH ONLY" due to the original 1928 bylaws."
2925 Matthews Ave Unit 6H is a 1-bedroom, 1-bath home in Bronx, New York listed at $125,000 with 750 square feet, built in 1928. 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 ($12,500), we fund the $33,750 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 New York or our New York hard money lending page.
From the listing. This fully renovated one bedroom coop features an updated kitchen with granite countertops and stainless steel appliances and hidden pocket door. Hardwood floors throughout with a spacious living room and bedroom. Upgraded bathroom with a walk in shower. Plenty of closet space. This is an elevator building with security cameras on every floor. There's a resident superintendent and laundry room on the premises. Near the #2 and #5 train (Allerton Ave Station), Express bus #11 to Manhattan. Monthly maintenance includes all utilities. Must be owner occupied and no subleasing allowed. "CASH ONLY" due to the original 1928 bylaws. Pets allowed under 30 pounds.
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 | $12,500 (10%) | |
| Loan at closing | $112,500 | |
| Cosmetic renovation, rough estimate* | We fund $33,750 | |
| Total loan | $146,250 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($2,194) | |
| Appraisal | Required | |
| Estimated monthly interest | $1,188 at full draw | |
| Cash to close, rough estimate | $19,084 | |
Rough estimates at the list price of $125,000 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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Cash or hard money only"CASH ONLY!"
Investor special"The property sustained some fire damage from the house next door."
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