Short-Term & Vacation Rental Discussions
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Updated 22 days ago, 12/15/2024
STR Rental @ $356k Purchase / $56k Annual rental income - 90% LTV DSCR Options?
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.