Listing photoElma, WA 98541 · MLS 2581079
"FIX AND FLIP OPPORTUNITY — CASH ONLY!"
81 W Satsop Drive is a 3-bedroom, 2-bath home in Elma, Washington listed at $169,500 with 1,344 square feet, built in 1981. 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 ($16,950), we fund the $60,480 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 Washington or our Washington hard money lending page.
From the listing. FIX AND FLIP OPPORTUNITY — CASH ONLY! Bring your vision and unlock the potential of this 3-bedroom, 2-bath manufactured home situated on a spacious double lot totaling approximately .22 acres located in the Star Lake Community. This property offers investors, builders, or buyers looking for a project and opportunity to add value and create something of their own. The generous…
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 | $16,950 (10%) | |
| Loan at closing | $152,550 | |
| Cosmetic renovation, rough estimate* | We fund $60,480 | |
| Total loan | $213,030 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($3,195) | |
| Appraisal | Required | |
| Estimated monthly interest | $1,731 at full draw | |
| Cash to close, rough estimate | $24,535 | |
Rough estimates at the list price of $169,500 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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Get pre-qualified in one call and write your offer with the financing already lined up.
