This first-time borrower and real estate investor is refinancing a single-family home in Washington, DC with Asset Based Lending’s DSCR Rental loan. This property was purchased for $400,000 with a loan amount of $415,350. This 1,680 square foot townhouse sits on a 1,800 square foot lot with 5 bedrooms and 2 bathrooms. As of July 2023, 58% of households in Washington, DC are renter-occupied, making this investment a great choice for the borrower’s portfolio. With a DSCR of .90, this is a passive income producing investment and positive cash-flow property for this borrower.
