This first-time borrower and real estate investor is refinancing a single-family home in Villa Rica, Georgia with Asset Based Lending’s DSCR rental loan program. The property was purchased for $29,500 with an appraised value of $540,000 and a loan amount of $405,000. This Single Family home is located in a Cul De Sac in a city where 40% of the household are renter occupied, making it a great choice for the borrower’s real estate portfolio. With a DSCR of 1.12 this property is positively cash flowing and provides passive income for this rental property investor.
