Loan Scenario:

Not every strong deal comes with a large price tag, and this Evansville, Indiana purchase is a reminder that disciplined underwriting matters just as much on a modest single-family rental as it does on a million-dollar asset. The borrower, who already owns their primary residence along with multiple investment properties, set out to add a $147,000 single-family home to their portfolio and wanted a structure that kept upfront costs to a minimum.

American Heritage Lending funded a 30-year DSCR loan of $108,750 at 75% loan-to-value, structured as a True Zero Point Loan so the borrower avoided paying origination points at closing. With the property covering its debt service at a healthy 1.161 ratio, the deal qualified on its own income and closed as a straightforward addition to an already active rental portfolio.

Evansville anchors the southwestern corner of Indiana along the Ohio River and has long drawn cash-flow investors thanks to affordable entry prices and rent-to-value ratios that pencil well for buy-and-hold strategies. A diversified regional economy spanning healthcare, manufacturing, and education helps sustain steady rental demand across its established neighborhoods. AHL supports investors throughout Indiana who want to grow efficiently in markets like this one. New acquisitions can be explored anytime through our financing team.

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