Case Study: Sugarland Texas Fix and Flip Project
Located 24 miles southwest of Houston, Sugar Land, Texas, is one of the most sought-after real estate markets in the Greater Houston area. According to Redfin, in August 2024, home prices in Sugar Land were up 7.8% compared to last year. On average, homes in the area now sell after 30 days on the market, compared to just 13 days last year. Despite the slight increase in days on market, Sugar Land remains a high-demand location, attracting both homebuyers and real estate investors.
In this case study, let’s take a look at a recently completed fix-and-flip project in Sugar Land, financed by a short-term residential loan from Longleaf Lending.
The fix-and-flip loan from Longleaf Lending covered both the acquisition and the renovation costs, ensuring that the investor could focus on executing the project without worrying about financing. Once the renovation of the property was completed, the After-Repair Value (ARV) jumped to $363,000. The property was listed on the market and sold in just 6 days—an impressive turnaround for such a competitive market.
Here are some before-and-after photos of the project that highlight the transformation.
Project Highlights:
- Location: Sugar Land, TX
- Size: 2,564 sq-ft
- Purchase Price: $232,000
- Rehab Budget: $63,000
- Sales Price: $363,000
- Time to Complete Renovation: 32 days
- Days on Market: 6 days
Are you a Texas real estate investor looking to finance your next fix and flip project? Longleaf Lending is here to help. We offer flexible short-term residential loans with the fastest closings on the market—no minimum credit score required, and rates starting as low as 12%.
Explore our fix and flip loan program here.