Asset Based Lending recently funded a DSCR rental loan for a repeat borrower and experienced investor in Davenport, Florida. The property was purchased for $485,000 with a loan amount of $344,350 and an appraised value of $500,000 . This borrower purchased this single-family property to hold in their portfolio and collect monthly passive income. With a DSCR of 1.00 this property is positively cash flowing. The units were not leased when the borrower purchased the property, but they expect to have tenants in place to collect monthly rent. Davenport is a suburban area located southwest of downtown Orlando, making it an attractive destination for families and young professionals. Davenport is a rapidly growing suburban that offers a blend of suburban living and proximity to major attractions.