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Macon Georgia DSCR Rental Loan

Address: Macon, Georgia
Borrower Profile: First Time Borrower — Real Estate Investor
Purchase Price: $3,000
Appraised Value: $100,000
Loan Amount: $75,000
Loan Structure: Fully Amortizing 30-Year
Loan Purpose: Cash Out Refinance
DSCR: 1.80
MN Rental Property Loan
Lakeville Hard Money Lender

Asset Based Lending recently funded a DSCR rental loan for a first-time borrower and in Macon Georgia. The property was purchased for $3,000 with a loan amount of $75,000 and an appraised value of $100,000. This home contains 1,025 square feet and was built in 1958. It has 3 bedroom and 2 bathrooms. 45% of all households in Macon, GA are renter occupied, making this a great choice for the borrower’s real estate portfolio. With a DSCR of 1.80 this property is positively cash flowing and provides passive income for this rental property investor.