🚀 Real Client Quote: Short-Term Rental Cash-Out Refi in Graham, WA!
Operating an Airbnb or VRBO and want to pull tax-free equity out of your property without jumping through traditional income hurdles? DSCR financing makes it simple.
Here is a look at a real quote for a client refinancing a short-term rental property in Graham, Washington to unlock cash for their next investment:
Deal Breakdown:
- 🏡 Property Type: Short-Term Rental (Investment Property)
- 📍 Location: Graham, WA
- 💰 Estimated Value: $630,000
- 💵 Loan Amount: $472,500 (75% LTV Cash-Out)
- 💳 Credit Score: 780
- 📊 DSCR Ratio: 1.0+
- ⏱️ Term: 30-Year Fixed Mortgage
- 🔒 Prepayment Penalty: 2-Year
Pricing & Rates:
- 📈 Interest Rate: 7.125%
- 📊 APR: 7.459%
- 📑 Fees: 1% Origination Fee ($0 Discount Points)
Why DSCR Works Great for STR Hosts:
- No W-2s or Tax Returns: Qualify based on the property’s income potential, not your personal DTI.
- Capitalize on Equity: Pull cash out up to 75% LTV to fund new acquisitions, upgrades, or cash reserves.
- 30-Year Stability: Lock in a reliable fixed rate to protect your cash flow for the long haul.
Got equity sitting in a long-term or short-term rental in Washington? Let’s see how much cash you can pull out!
📩 Send a DM to get your custom numbers
📧 Email: tommy@soundlendingteam.com
📞 Call/Text: 206-889-9495