Listing photoWilmington, DE 19801 · MLS DENC2111850
"Cash or Hard Money Financing Only. Property will not qualify for traditional financing."
921 Kirkwood St is a 3-bedroom, 1-bath home in Wilmington, Delaware listed at $35,000 with 1,116 square feet, built in 1890. 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 ($5,250), we fund the $123,750 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 Delaware or our Delaware hard money lending page.
From the listing. INVESTOR/REHAB OPPORTUNITY! 921 Kirkwood St is a full shell requiring complete renovation and reconstruction. This property is suited for an experienced investor, developer, or contractor looking for a substantial rehab project. The home will require extensive work throughout and is ready for a buyer with the resources and vision to bring it back to life. Property is being sold strictly AS-IS, WHERE-IS. Seller will make no repairs or improvements. Buyer is responsible for verifying the property's condition, renovation requirements, permits, and intended use. Cash or Hard Money Financing Only. Property will not qualify for traditional financing. Please use extreme caution when entering and touring the property.
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: 15% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | No | |
| Buyer down payment | $5,250 (15%) | |
| Loan at closing | $29,750 | |
| Major renovation, rough estimate* | We fund $123,750 | |
| Total loan | $153,500 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($2,303) | |
| Appraisal | Required | |
| Estimated monthly interest | $1,247 at full draw | |
| Cash to close, rough estimate | $11,943 | |
Rough estimates at the list price of $35,000 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 or Hard Money Financing Only. Property may not qualify for traditional financing."
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