Baltimore Maryland DSCR Rental Loan
The repeat borrower and experienced real estate investor is purchasing a single-family property in Baltimore, Maryland with Asset Based Lending’s DSCR rental program. The property was purchased for $400,000 with an appraised value of $385,000 and a loan amount of $288,750. With an open floor plan and plenty of space for spreading out, off-street parking, storage and completely remodeled from head to toe, the borrower made a great decision for their real estate portfolio. The property has a modern kitchen with quartz and stainless appliances, a lot of natural light with windows and recessed lighting as well. The home also has an extra mud room at the back of the house with room for laundry. Upstairs are two additional floors each with two more bedrooms. On the second there’s the main bedroom with two closets (one walk in), tons of room, and a modern bathroom. On the third floor are two more bedrooms/office space with another half bathroom. With a DSCR of 1.00 this property is already positively cash flowing and providing passive income for this rental property investor.