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Baltimore Maryland DSCR Rental Loan

Address: Baltimore, Maryland
Borrower Profile: Repeat Borrower — Experienced Real Estate Investors
Purchase Price: $210,000
Appraised Value: $210,000
Loan Amount: $168,000
Loan Structure: Fully Amortizing 30-Year
Loan Purpose: Purchase Only
DSCR: 1.28
Baltimore DSCR Rental Loan
Real Estate Baltimore Maryland
Situation:

This repeat borrower and experienced real estate investor is refinancing a single-family home in Baltimore, Maryland with Asset Based Lending’s DSCR rental loan. The property was purchased for $210,000 with a loan amount of $168,000. This 1,600 square foot home has three bedrooms and two bathrooms. The borrower purchased the property featuring wood flooring throughout, chef’s kitchen with granite counters, a full basement, and a fenced rear patio. This property is close to Johns Hopkins, Patterson Park, and the shops on Monument Street. As of 2023, renters take up 52% of Baltimore City Maryland, making this a great choice for the investor’s real estate portfolio. As a positive cash-flow property with a DSCR of 1.28, this is a passive income producing investment property for this borrower.

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