Recently Funded DSCR Loan In Havelock, NC
Loan Scenario:
This property purchase involves a duplex located in Havelock, North Carolina. The property was purchased for $140,000 and appraised at $151,000, securing a loan amount of $112,000. The loan is structured as a 30-year fixed-rate DSCR rental loan with a Loan-to-Value (LTV) ratio of 80% and a Debt Service Coverage Ratio (DSCR) of 1.8, demonstrating strong cash flow potential.
The loan term is set for 30 years, offering the borrower long-term stability and predictable payments. The property’s rental income comfortably covers the debt obligations, as indicated by the DSCR of 1.8, which suggests that the rental income exceeds the required debt service by a significant margin.
The duplex will provide steady cash flow, with an appraised value above the purchase price, further enhancing the investment’s security. This financing structure allows the investor to leverage the property for long-term rental income, while also benefiting from favorable loan terms and a solid cash flow position.
Key Deal Points
| Address | Havelock, NC |
| Loan Type | Property Purchase | DSCR Rental Loan |
| Property Type | Duplex |
| Purchase Price | $140,000 |
| Appraised Value | $151,000 |
| Loan Amount | $112,000 |
| Loan Term | 30 Year Fixed |
| Loan To Value (LTV) | 80% |
| DSCR | 1.8 |
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