Case Study of Single Family Fix and Flip in Framingham MA

An experienced builder and repeat QS borrower purchased this single-family home in Framingham, MA for $260,000. He renovated the property and sold it for $480,000.

QS Private Lending provided $285,000 of financing: A $205,000 acquisition loan and an $80,000 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 174% return on his investment.

Investment Summary

Project Cost:
Purchase Price$260,000
Closing Costs$8,200
Total Cost$348,200

Acquisition Loan$205,000
Construction Loan$80,000
Total Financing$348,200

Return on Investment:
Gross Selling Price$480,000
Closing Costs($16,900)
Interest Expense($68,400)
Loan Repayment($285,000)
Net Profit$109,700
Return on Equity174%

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