Property Listing

Single Rental Loan, Huntsville AL

Transaction Overview

We funded this cash flowing rental in Huntsville Alabama recently.  The property is cash flowing on day 1, with a 17% cash on cash return.  The borrower did not have to provide any tax returns, w2's or pay-stubs.  Using our single rental portfolio loan, we use property cash flow to qualify in lieu of personal income.  The borrower was able to put only 20% down and obtained a 30 year fixed rate at 6.5%.

Property Details
Purchase Price $159,500Loan Amount $127,600Loan Type 30 Year Fixed - Single Rental Loan
Interest Rate 6.50%Loan to Cost 80%Property Type 4 Family
Investment Objective Passive RentalARV% 80%

Leave a Reply

Your email address will not be published.

Sell Your Home Fast!

Enter your name, email and phone below and we will send you our FREE report on how to sell your home fast!

We respect your privacy