Case Study of Single Family Fix and Flip in Hopedale MA

An experienced builder and repeat QS borrower purchased this single-family home in Hopedale, MA for $167,475.

He renovated the property and sold it for $350,000.

QS Private Lending provided $175,000 of financing: A $125,000 acquisition loan and a $50,000 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 313% return on his investment.

Investment Summary

Project Cost:
Purchase Price$167,475
Closing Costs$6,000
Total Cost$223,475

Acquisition Loan$125,000
Construction Loan$50,000
Total Financing$223,475

Return on Investment:
Gross Selling Price$350,000
Closing Costs(13,000)
Interest Expense(10,500)
Loan Repayment($175,000)
Net Profit$151,500
Return on Equity313%

Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!