Closed Deal · #17
SFR in Grandview, MO — DSCR R&T
$116,000 · 30-Yr DSCR — Rate & Term
Deal terms
- Property type
- SFR
- Location
- Grandview, MO
- Loan type
- DSCR R&T
- Program
- 30-Yr DSCR — Rate & Term
- Leverage
- 80%
- Rate
- N/A
- Deal value
- $116,000
How we structured it
A $116,000 single-family rental in the Kansas City metro — proof that 818's underwriting standard isn't reserved for the seven-figure deals. Qualified on the property's own cash flow (1.2x DSCR), not the owner's tax returns, so a working investor locks in 30-year financing without a W-2 underwrite.
This is the loan most desks quietly pass on: too small for a bank to bother with, and exactly the entry-level rental where a real DSCR program matters most. Underwritten to a 1.2x coverage cushion for a well-qualified borrower on 818's standard 30-year DSCR rate-and-term terms. Grandview's low basis and steady KC-metro rental demand keep the coverage durable as leases roll. Final HUD and cash-on-cash confirmed at close; figures illustrative.
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