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Updated almost 2 years ago,

User Stats

20
Posts
8
Votes
Seth O.
  • Investor
  • Columbus Grove, OH
8
Votes |
20
Posts

DSCR Lender on Columbus OH BRRRR

Seth O.
  • Investor
  • Columbus Grove, OH
Posted

Hi BP,

I'm looking for help finding a lender that is still doing DSCR cash-out refi's on investment properties. Hoping to pull at least 75% (ideally 80%) of ARV out of the deal, and wondering what the rates are looking like in todays market. The property is in Columbus OH and here are the details:

Duplex

3 bed/2 bath per side

Purchase: 150K

Rehab:153KEstimated ARV: $425K

Rental income: $1695/side = $3390/month or $40,680/yearCurrently owned free and clear

Any advice/direction would be greatly appreciated! Thank you!

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