Long-Term Rental

Look at this Long Term Rental in Portsmouth!

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!

Single Family Residential – Fort Worth, TX

An experienced borrower (20+ total verified), who was looking to do a Cash Out on the subject property and continue to hold it as an investment property. This single-family property was originally purchased for $102K. The subject property is currently leased for $1,450/Month, which is in line with the market rent. Loan Amount: $133,332

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