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 Miami investor found a 6-unit walk-up in North Miami - newer roofs, partially updated units, $10,200/month gross rent. Purchase: $980,000. The cap rate was 6.1% and the area was rapidly gentrifying.
An experienced Boston investor acquired a historic Back Bay brownstone for $1,200,000 - in the same family for 40 years, untouched since the 1980s. Structure was sound, interior needed a complete overhaul.
A 4-bedroom Hyde Park colonial - kitchen from 1978, two non-functional bathrooms, knob-and-tube wiring throughout. Purchase: $475,000. Renovated comps in the same blocks were trading at $785K-$820K.
