RCN Capital Blog

Look at this Long Term Rental in Portsmouth!

Written by RCN Capital | Aug 31, 2020 4:00:00 AM
An experienced borrower came to RCN Capital looking to refinance a subject property from Portsmouth, Virginia into the Long Term Rental Program. This Single-Family Residential (SFR) was acquired for $65,000 in January 2020. This subject has received about $41,000 for renovations. It is now leased and generating a monthly rent of $1,200/month!