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Riverdale Georgia DSCR Rental Loan

Address: Riverdale, Georgia
Borrower Profile: Repeat Borrower — Real Estate Investor
Purchase Price: $83,000
Appraised Value: $330,000
Loan Amount: $231,000
Loan Structure: Fully Amortizing 30-Year
Loan Purpose: Cash Out Refinance
DSCR: 1.16
Riverdale Rental Property
Riverdale DSCR Loan

Asset Based Lending recently funded a DSCR rental loan for a repeat borrower to refinance a two-family home in Riverdale Georgia. The property owner has both units occupied with long-term tenants paying above market rate for rent. With a DSCR of 1.16 this property is already positively cash flowing and providing passive income for this rental property investor. In Riverdale Georgia 47% of residents rent their homes compared to 53% owning their homes. With Atlanta only 13 miles away, residents of Riverdale have easy access to the benefits the metro area has to offer such as entertainment and career opportunities. Atlanta is approximately 70 times larger than Riverdale, but living in Riverdale is perfect for young families because of the affordability and quality of the education system.

Georgia DSCR loan
Georgia Rental Property
GA Rental Property