Asset Based Lending recently funded a DSCR rental loan for a repeat borrower and experienced real estate investor in Ooltewah Tennessee. This borrower previously worked with ABL to fund a new construction project in Gatlinburg Tennessee, and is now expanding their portfolio with a long-term investment property. This single family home was recently renovated when the borrower completed the purchase, and it was unoccupied at the time. Though this property was unleased, the property has a DSCR of 1.01 and will generate positive cashflow once a tenant is in place. The average monthly rent for Ooltewah properties is approximately $1,600, but often skew as high as $2,000 a month for renovated properties. Ooltewah is situated on the southern border of Tennessee right outside Chattanooga. It is within a range of 120 miles from Nashville, Knoxville, Huntsville Alabama and Atlanta Georgia, making this a great location for renters looking for the benefits of suburban living with city accessibility.