This borrower is refinancing this single family home out of a bridge loan into a DSCR rental loan with Asset Based Lending. This property is in Mastic Beach New York, on the southern end of Long Island in Suffolk County. Suffolk County draws in many young families as this is an area with an affordable cost of living and accessibility to New York City and many beaches. Renters make up 19% of the residents of Mastic Beach, and 83% of the rental properties are single family homes. This single family rental home was purchased for $225,000 and was later appraised for $360,000. With tenants already in place the borrower is collecting $3,200 in monthly rent. With a DSCR of 1.18 this property is cash-flow positive and generating passive income for this rental property investor.