Listing photoOcean Shores, WA 98569 · MLS 2468827
"Cash only sale."
1335 Ocean Shores Blvd SW Unit S42 is a 1-bedroom, 1-bath home in Ocean Shores, Washington listed at $259,999 with 771 square feet, built in 2005. 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 ($26,000), we fund the $34,695 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. Discover the property 1335 Ocean Shores Boulevard SW #S42, Ocean Shores, WA 98569 for sale. 4th-Floor OCEAN VIEW/FRONT Condo ~ Beautifully and Stylishly FURNISHED and REMODELED in 2022! Watch the crashing waves of the Pacific Ocean, along with the gorgeous Sunsets and storms. Relax with the classy, beach-themed decor and furniture. All new upgraded LVP flooring thru-out (with cork underlayment). Open Great Room design with a slider to the Balcony/Deck. All new Kitchen quartz counters, Posheen cabinets, tile backsplash, Stainless Steel appliances, and a Full-length Eating Bar. Closet with a new stackable washer/dryer. Large Open Bedroom. All new Bathroom with a beautiful tiled walk-in shower. Located in the Ocean Crest South building, which features an Elevator, 2 access stairs, fire sprinklers, Enclosed Outdoor Hallways. Special Assessments are PAID. Cash only sale. Unit #S42
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 | $26,000 (10%) | |
| Loan at closing | $233,999 | |
| Cosmetic renovation, rough estimate* | We fund $34,695 | |
| Total loan | $268,694 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($4,030) | |
| Appraisal | Required | |
| Estimated monthly interest | $2,183 at full draw | |
| Cash to close, rough estimate | $34,420 | |
Rough estimates at the list price of $259,999 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.
