This repeat borrower and experienced real estate investor is refinancing a single-family home in Baltimore, Maryland with Asset Based Lending’s DSCR rental loan. The property was purchased for $210,000 with a loan amount of $168,000. This 1,600 square foot home has three bedrooms and two bathrooms. The borrower purchased the property featuring wood flooring throughout, chef’s kitchen with granite counters, a full basement, and a fenced rear patio. This property is close to Johns Hopkins, Patterson Park, and the shops on Monument Street. As of 2023, renters take up 52% of Baltimore City Maryland, making this a great choice for the investor’s real estate portfolio. As a positive cash-flow property with a DSCR of 1.28, this is a passive income producing investment property for this borrower.
