Case Study of Single Family Fix and Flip in Seabrook, NH

A repeat QS borrower purchased this single-family home in Seabrook, NH for $475,000. He renovated the property and sold it for $798,000.

QS Private Lending provided $480,000 of financing: A $380,000 acquisition loan and a $100,000 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 241% return on his investment.

Investment Summary

Project Cost:
Purchase Price$475,000
Renovations$100,000
Closing Costs$12,100
Total Cost$587,100

Financing:
Acquisition Loan$380,000
Construction Loan$100,000
Equity$107,100
Total Financing$587,100

Return on Investment:
Gross Selling Price$798,000
Closing Costs($26,440)
Interest Expense($33,600)
Loan Repayment($480,000)
Net Profit$257,960
Return on Equity241%

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