Profit and loss statement
926 Stratford · The Tennessean
Revenue
Contract sales price$430,250
Less: seller concessions($0)
Less: real estate commission (3%)($12,908)
Less: closing costs($4,302)
Net revenue$413,040
Construction costs
↳ Marketplace contracted$123,520
↳ Internal vendors$135,936
Lot or land acquisition($25,200)
Site work and permits($12,400)
Foundation($29,200)
Framing($52,000)
Roofing($18,200)
Rough-ins($39,100)
Insulation($8,800)
Exterior and siding($24,800)
Driveway and flatwork($15,600)
Interior finishes (est.)($68,800)
Total construction cost($294,100)
Gross profit$120,450
28.0% gross margin
Loan and finance costs
Construction loan interest (165 days @ 9.25%)($14,950)
Origination fee (1%)($2,800)
Title insurance and recording($650)
Marketplace fee accrual (1.25% of $123,520)($1,544)
Total finance costs($19,944)
Net profit
$102,050
23.7% net margin
Timeline metrics
Construction days
165
Jan 29 to Jul 12, 2026
Days on market
18
Est. based on comp average
Closing period
28
Days contract to close
Total cycle days
211
Build + market + close
Capital and return metrics
Capital invested (equity)$37,800
Net profit$102,050
Return on equity270%
Annualized ROI (211-day cycle)28.4%
Cost per SF$164.85
Revenue per SF$241.17
Profit per SF$57.20
NHBA benchmark comparison
Performing well
Net margin
23.7%
Benchmark 18 to 22%
Cost/SF
$164.85
Benchmark $155 to $190
Cycle days
211
Benchmark 200 to 260
Loan cost % of revenue
4.3%
Benchmark 4 to 6%
Loan dashboard
First Community Bank · ST-926
View draws →
Loan limit
$345,400
80% of $430,250 ARV
Drawn to date
$186,100
53.9% utilization · 3 draws
Marketplace commitments
$79,716
3 MC contracts · auto-paid
Available
$159,300
Covers remaining 4 draws
Loan balance burn
$050%$345,400 limit
Marketplace commitments by contract
| Contract | Vendor | Committed | Drawn | Remaining |
|---|---|---|---|---|
| MC-2026-014 | Summit Framing | $28,158 | $28,158 | $0 |
| MC-2026-022 | Blue Ridge Plumbing | $22,400 | $4,200 | $18,200 |
| MC-2026-031 | TK Concrete | $29,158 | $15,600 | $13,558 |
| Total | $79,716 | $47,958 | $31,758 | |
Interest tracker
Rate9.25% / yr
Avg balance YTD$104,300
Days outstanding84 of 165
Interest paid YTD$2,225
Interest projected to close$14,950
Net loan cost / day$90.61