Rental Property

DSCR Rental · Delray Beach, FL

An investor targeting the Delray Beach long-term rental market found a clean 3/2 near Atlantic Avenue - $485,000 purchase, tenant already in place at $3,950/month with 8 months remaining on lease.

LOAN AMOUNT

$388,000

DSCR Rental · Delray Beach, FL

Needed to close in 30 days and couldn't use conventional financing due to the number of investment properties already on their credit. Needed fast, no-income-verification funding.

Adler Capital closed $388,000 at 80% LTV in 17 days. DSCR of 1.21. No W-2s, no tax returns - the rent roll was the only income document needed.

The Outcome

Clean close, tenant stayed and renewed. Monthly cash flow after PITI: $820. Investor now has three Adler Capital DSCR loans in Palm Beach County.

Deal Highlights

LOAN AMOUNT

$388,000

PURCHASE PRICE

$485,000

MONTHLY RENT

$3,950

DSCR RATIO

1.21

LTV

80%

CLOSING TIME

17 Days

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