This repeat borrower and experienced real estate investor is refinancing a single-family home in Cleveland, Georgia with Asset Based Lending’s DSCR loan program. This property is 1,277 square feet with 3 bedrooms and 2 full bathrooms. The borrower has the home occupied with a long-term lease and is collecting $1,7000 per month. With a DSCR of 1.00 this property is already positively cash flowing and providing passive income for this rental property investor. In Cleveland, Georgia 53.8% of housing units are renter occupied, making this investment worthwhile for the borrower. The area has a dense suburban feel where many young families and professionals reside for Cleveland’s outdoor landscape and quality public education system.
