Case Study of Single Family Fix and Flip in Wilmington MA

An experienced builder and repeat QS borrower purchased this single-family home in Wilmington, MA for $305,000.

He renovated the property and sold it for $480,000.

QS Private Lending provided $323,000 of financing: A $244,000 acquisition loan and a $79,000 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$305,000
Closing Costs$8,960
Total Cost$392,960

Acquisition Loan$244,000
Construction Loan$79,000
Total Financing$392,960

Return on Investment:
Gross Selling Price$480,000
Closing Costs($16,900)
Interest Expense($12,920)
Loan Repayment($323,000)
Net Profit$127,180
Return on Equity182%

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