Loan Scenario:

American Heritage Lending funded a $156,000 DSCR rate-and-term refinance on a single-family detached home in Daytona Beach, Florida, stabilizing the financing on a buy-and-hold rental for a newer investor. The property appraised at $208,000, so the loan closed at 75% loan-to-value on a 30-Year term, keeping leverage measured on an established rental in Volusia County. DSCR is built for exactly this kind of hold: qualification came from the property’s rental income rather than the borrower’s personal earnings, which lets a newer investor refinance without tax returns or work papers. The rent covers the note at a 1.35 DSCR, comfortable coverage that carries the debt while the investor holds for the long term. A fixed 30-year payment locks in predictable costs and leaves room to keep building a portfolio. Because the underwriting leans on the asset rather than the individual, a rate-and-term refinance like this stays clean and fast.

Daytona Beach anchors Volusia County on Florida’s Atlantic coast, and its economy runs on much more than the beach. Embry-Riddle Aeronautical University and Bethune-Cookman University bring a steady student population, while Halifax Health and AdventHealth employ thousands across the metro and Brown & Brown Insurance keeps its headquarters in town. The Daytona International Speedway draws NASCAR crowds through Speedweeks and Bike Week, feeding a year-round tourism and hospitality workforce that rents close to where it works. Housing here also stays far cheaper than Orlando an hour inland, pulling renters who want coastal access without metro pricing. Detached single-family homes remain a favorite among tenants who want a yard and space at a manageable rent. That mix of universities, healthcare, and tourism keeps single-family rentals in steady demand.

Overall, this deal shows how American Heritage Lending backs investors with practical DSCR financing. Measured leverage, income-qualified underwriting, and a fixed payment give the borrower a clean path to hold a well-located rental in a market anchored by coastal tourism and education.

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