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Updated 22 days ago, 12/15/2024

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1
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Brian Bailey
  • Dallas, TX
0
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1
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STR Rental @ $356k Purchase / $56k Annual rental income - 90% LTV DSCR Options?

Brian Bailey
  • Dallas, TX
Posted

Property is off market purchase at $356k. Has cash flowed between $50k and $56k the last 3 years with upward trend. Same property manager staying involved (did $56k last 12 months). Credit 700+, bank statements available, good liquidity position (almost enough in cash to purchase the property - but obviously know that's idiotic). Looking for a high LTV DSCR option given this property should reasonably be priced nearer to or upwards of $425k given the cash flow its generating.

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