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Marietta Georgia DSCR Rental Loan

Address: Marietta, Georgia
Borrower Profile: Repeat Borrower — Real Estate Investor
Purchase Price: $119,190
Appraised Value: $350,000
Loan Amount: $227,500
Loan Structure: Fully Amortizing 30-Year
Loan Purpose: Cash Out Refinance
DSCR: 1.11

Asset Based Lending recently funded a DSCR rental loan for a repeat borrower in Marietta Georgia. There is a tenant in place at this property and they are contributing slightly more than market rate for their monthly rent. With a DSCR of 1.11 this property is positively cash flowing and contributing monthly income for this rental property investor. In Marietta Georgia 54% of residents rent their homes versus 46% owning, and only 11% are single family home rentals. Considering Marietta’s proximity to Atlanta, this is a strong rental market catering to individuals working in the metro area. The average cost for rent is roughly in line with the national average making this area ideal for rental property owners.