A first-time STR investor found a 4-bedroom home two miles from Disney World - projected to generate $8,500/month average across peak and off-peak seasons. Purchase: $520,000.
LOAN AMOUNT
$416,000
Most banks won't touch STR properties. Investor's W-2 income wasn't sufficient for a conventional jumbo loan at this price point.
Adler Capital funded $416,000 at 80% LTV using DSCR structure based on market rent analysis - not personal income. Closed in 18 days.
The Outcome
78% occupancy in first 90 days. Monthly cash flow after mortgage: $1,950. Investor now under contract on a second STR property with Adler Capital.
Deal Highlights
LOAN AMOUNT
$416,000
PURCHASE PRICE
$520,000
AVG MONTHLY REVENUE
$8,500
LTV
80%
CLOSING TIME
18 Days
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
A Broward County investor acquired an 8-unit apartment building in Deerfield Beach - $1,450,000 purchase, rents averaging $1,300/month but market was at $1,650+. Classic value-add play.
A Dallas builder had two permitted lots in Frisco - 3,200 sq ft new construction homes in a neighborhood where comparable product was selling at $980K-$1.05M. Total cost per unit: $620,000.
A Philadelphia investor scooped up a distressed 3-bedroom rowhouse in Fishtown for $185,000. Gut renovation needed: $72,000. Comparable finished product in the neighborhood: $360K-$380K.
