5226 Theodosia AveSaint Louis, Missouri

Saint Louis, MO 63113 · MLS 26001193

List price

$9,900

1 bd / 1 ba
Bedrooms / baths: 2,288 sq ft
Living area: 1908
Year built: 3,750 sq ft
Lot

"An AGENT MUST BE PRESENT FOR ALL SHOWINGS. CASH ONLY SALE. Do not Trespass."

Listed by Kory McCullough RE/MAX Platinum DRE #2005010584 · (636) 578-6429

5226 Theodosia Ave is a 1-bedroom, 1-bath home in Saint Louis, Missouri listed at $9,900 with 2,288 square feet, built in 1908. 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 15% down ($1,485), we fund the $73,980 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 Missouri or our Missouri hard money lending page.

From the listing. Incredible opportunity awaits with this 1 bed, 1.5 bath home with 1144sf on Main level. Main level has Kitchen, Dining Room, Living Room, Bedroom, & full bathroom. Basement is partially finished with laundry area and plenty of room for your finishing touches. Home has some hardwood floors and is located in a great area close to local services. This is a must See Home! An AGENT MUST BE PRESENT FOR ALL SHOWINGS. CASH ONLY SALE. Do not Trespass.

01 - Price This Property

Hard money financing on 5226 Theodosia Ave: what you qualify for.

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.

List price $9,900

State MO

Your credit score, approximate

Type a number, like 720. A ballpark is fine and nothing is pulled. Leave it empty if you have no score.

Investment projects you completed in the last 3 years

Flips, rentals bought and sold, or builds. Decides the down payment.

Renovation budget

Our super rough estimate at $45 per sq ft. Put in your contractor's number if you have one.

After-repair value, if you know it

The loan stays under 75% of it. Leave blank to size on the price alone.

1. Your score740Qualifies
2. Your experience1 to 2 projectsTier 2: 15% down
3. Down payment15% downNot priced as entered: see why below

Not yetAt a 740 score with 1 completed project, this property does not price on our programs as entered. The reasons are below; change what you can, or call the desk.

Fix and flip, experienced

15% down

We fund 100% of the renovation. Closes in 2 weeks.

Cash to close, rough estimate $7,111

Loan at closing $8,415

Rate, interest only from 9.75%

Why not. An extensive (100% of the price or more) renovation is not offered at Tier 2. It opens at Tier 3 (3 or more completed projects).

02 - The Numbers at Closing

5226 Theodosia Ave priced at the list price.

Item		Fix and flip: 15% down
At closing
Qualifies as entered	No
Buyer down payment	$1,485 (15%)
Loan at closing	$8,415
Cosmetic renovation, rough estimate*	We fund $73,980
Total loan	$82,395
Rate, interest only	from 9.75%
Points	1.5 ($1,236)
Appraisal	Required
Estimated monthly interest	$669 at full draw
Cash to close, rough estimate	$7,111

Rough estimates at the list price of $9,900 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.

We are the lender, not the listing agent. This property is listed by Kory McCullough, RE/MAX Platinum ((636) 578-6429). To see it or make an offer, contact Kory directly, or work with your own buyer's agent. The numbers on this page are simply what our financing would look like on this property. Viewing them is not a commitment to borrow from us, and you are free to finance the purchase however you choose. We do not represent buyers or sellers.

Request the Term Sheet Call (323) 304-4978

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