Listing photoHonolulu, HI 96826 · MLS 202616528
"Discover the potential of this hidden gem in the highly desirable Moiliili / McCully neighborhood!"
1311 Farrington St is a 3-bedroom, 1.5-bath home in Honolulu, Hawaii listed at $888,000 with 1,072 square feet, built in 1931. 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 ($88,800), we fund the $117,920 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 Hawaii or our Hawaii hard money lending page.
From the listing. Discover the potential of this hidden gem in the highly desirable Moiliili / McCully neighborhood! This 3 bedroom 1.5 bathroom single-family home offers the perfect opportunity for sweat equity, renovation, or building your urban oasis. Ideal for investors, contractors or buyers looking to create their dream home. While this home requires major repairs, the ultimate payoff is well worth the effort. Property is sold As Is.
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 | $88,800 (10%) | |
| Loan at closing | $799,200 | |
| Full renovation, rough estimate* | We fund $117,920 | |
| Total loan | $917,120 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($13,757) | |
| Appraisal | Required | |
| Estimated monthly interest | $7,452 at full draw | |
| Cash to close, rough estimate | $106,947 | |
Rough estimates at the list price of $888,000 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 $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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Cash or hard money only"Cash only as the structures were built without permits."
Investor special"Centrally located 3 bedrooms with 1 bath home close to University of Hawaii-Hilo, shopping and dining areas."
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