Listing photoRoseville, CA 95678 · MLS 226114162
"Per Sellers, Only Cash, Hard Money, or Conventional Offers With a Quick Close Date Will be Considered at This Time."
119 Elm St is a 4-bedroom, 1.5-bath home in Roseville, California listed at $399,000 with 1,576 square feet, built in 1922. 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 ($39,900), we fund the $70,920 renovation estimate in draws, and the loan closes in 2 weeks. The down payment steps with experience, credit and the size of the renovation. A California buyer can also close in 3 days with 35% down and no appraisal. See every hard money opportunity in California or our California hard money lending page.
From the listing. COSMETIC FIXER WITH HUGE POTENTIAL NEAR OLD DOWNTOWN ROSEVILLE! This 1,576 Sq Ft Home Offers 4-Bedrooms, 2-Bathrooms, and Endless Possibilities. The Kitchen & Bathrooms Were Updated About 10 Years Ago and Give You a Solid Foundation to Build On. Investors and Savvy Buyers Will Love the Flexibility Here, With Potential to Add Up to Two ADUs.
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 | Option 1: 35% down | Option 2: 10% down |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | Yes |
| Buyer down payment | $39,900 (10%) | $139,650 (35%) |
| Loan at closing | $359,100 | $259,350 |
| Cosmetic renovation, rough estimate* | We fund $70,920 | Buyer pays $70,920 |
| Total loan | $430,020 | $259,350 |
| Rate, interest only | from 9.25% | 10.5% |
| Points | 1.5 ($6,450) | 1.5 ($3,890) |
| Appraisal | Required | None |
| Estimated monthly interest | $3,315 at full draw | $2,269 |
| Cash to close, rough estimate | $50,740 | $143,540 |
Rough estimates at the list price of $399,000 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. The no-appraisal option is available in major California markets. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
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