This repeat borrower and experienced investor is refinancing a single-family home in Philadelphia Pennsylvania with Asset Based Lending’s DSCR rental loan. 47% of Philadelphia’s housing units are occupied by renters and 82% of rental properties are single-family structures, making this property a great choice for the borrower’s rental portfolio. The city has relatively few large apartment buildings, so single family rental properties like this are more common. This single-family property was purchased for $85,000 and appraised for $200,000. The borrower has tenants occupying the unit and is collecting $1,500 per month in rental income. As a positive cash-flow property with a DSCR of 1.37, this is a passive income producing investment property for this borrower.