Case Study of Single Family Fix and Flip in Wareham MA

A repeat QS borrower purchased this single-family home in Wareham, MA for $200,000. He renovated the property and sold it for $303,000.

QS Private Lending provided $230,000 of financing: A $180,000 acquisition loan and a $50,000 construction loan. The loan was for 12 months at 14% interest. It was secured by a first mortgage on the property.

The borrower made a 137% return on his investment.

Investment Summary

Project Cost:
Purchase Price$200,000
Renovations$50,000
Closing Costs$7,100
Total Cost$257,100

Financing:
Acquisition Loan$180,000
Construction Loan$50,000
Equity$27,100
Total Financing$257,100

Return on Investment:
Gross Selling Price$303,000
Closing Costs($11,590)
Interest Expense($24,150)
Loan Repayment($230,000)
Net Profit$37,260
Return on Equity137%

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