Case Study of Single Family Fix and Flip in Fall River MA

A new QS borrower purchased this single-family home in Fall River, MA for $200,000. He renovated the property and sold it for $355,000.

QS Private Lending provided $235,000 of financing: A $160,000 acquisition loan and a $75,000 construction loan. The loan was for 12 months at 12% interest. It was secured by a first mortgage on the property.

The borrower made a 182% return on his investment.

Investment Summary

Project Cost:
Purchase Price$200,000
Renovations$75,000
Closing Costs$7,200
Total Cost$282,200

Financing:
Acquisition Loan$160,000
Construction Loan$75,000
Equity$47,200
Total Financing$282,200

Return on Investment:
Gross Selling Price$355,000
Closing Costs($13,150)
Interest Expense($21,150)
Loan Repayment($235,000)
Net Profit$85,700
Return on Equity182%

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