This first-time borrower and experienced real estate investor is refinancing a single-family home in Elizabeth City, North Carolina with Asset Based Lending’s DSCR rental loan program. This 1,260 square foot property contains 3 bedrooms and 1.5 bathrooms. The borrower has the home occupied with a long-term lease and is collecting $1,620 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 Elizabeth City, North Carolina 59.3% of the residents are renter occupied, making this investment worthwhile for the borrower.
