California is where people make their dreams come true, which is precisely what a rental property investment in Encino can empower you to do. Add an unmatched DSCR interest-only jumbo loan and the short-term rental data intelligence powered by STR Verifi that enables you to forecast and maximize ROI from any property in the United States, and financial freedom has never been so accessible. In fact, with investment properties, you can easily create generational wealth from passive income alone.
At mbanc, we have been helping self-made people like you finance their dreams with confidence for years. Learn how this tool empowers you to forecast and guarantee profits:
A Rental Property Investment in Encino: About The Property
Let’s examine this rental property investment in Encino to demonstrate the value of the short-term rental data analysis powered by STR Verifi.
This 4 bedroom (which only 25% of rentals in this market have), 2.5 bathroom property in the prestigious Encino Woods neighborhood was purchased in 2014 for $740,000. . Let’s dive into how property appreciation and short-term rentals can yield long-term gains.
This beautiful single-story modern farmhouse comes with key amenities that make a property marketable and profitable. This renovated home has cathedral ceilings, a backyard heated pool, a modern kitchen, a huge master suite, and a spa.
It also has an entertainment area, a Baja shelf, tons of newly installed wooden decking, and walls of privacy trees in the backyard, along with the side yard and a covered shed in the rear. After all, people come to California to enjoy the sunshine.
On top of everything else, this property is a stone’s throw away from highly-rated schools, like Hesby Oaks Leadership Charter School, coffee shops, highly-rated restaurants, parks, grocery stores, and busy Los Angeles freeways.
We helped Mr. Ford close a cash out refinance on this rental property investment in Encino for $1,240,000. Now valued at $2,700,000, this is a 349% equity gain in just 10 years and a shining example of the long-term equity gain you can earn from purchasing an investment property within an emerging market. Without further ado, let’s get into how we helped finance (and later refinance) this investment property using cutting-edge short-term rental data intelligence powered by STR Verifi and a DSCR interest-only jumbo mortgage.
STR Verifi in Action: A Rental Property Investment in Encino
But what you will earn will outstrip that and help you obtain the financial freedom you need to live out your American Dream. The short-term rental data fueled by STR Verifi reveals that this property has a market grade of B.
More importantly, it has excellent market grades where it matters most: rental demand (83) and seasonality (70). What do these scores mean? Business will be consistent year-round, which is the basis for your passive income.
STR Verifi enables you to forecast short-term and long-term gains. Let’s start with the latter as a low-risk option that provides fixed cash flow.
Most recently, Ford told us that he has been renting this property out on a 6-month lease that charges $11,000 per month ($132,000 annually.) Subtract the mortgage payments, and this comes to $2,281 monthly in passive income ($27,372 annually.)
With these profits, Ford has been reinvesting with DSCR interest-only loans from mbanc in other properties to expand his portfolio and exponentially grow his wealth. But what if you wanted to use this property as a short-term rental? STR Verifi can help there, too.
The report this tool generates instantly shows that this property enjoys an average daily rate of $597 and an occupancy rate of 65%. You would need renters for just 15 days to cover (and exceed) the mortgage ($8,955.)
But with that exceptional occupancy rate, you can expect renters for 20 days per month, coming out to $11,940 ($143,280 annually), far exceeding the mortgage payment and even what you might earn when you rent this property out with a long-term agreement.
AI-powered short-term rental data software also provides an unprecedented window into what other properties earn, revealing that this is an exceptional opportunity. The average daily rate of short-term rentals in this market is just $413.
On top of everything else, this calculator also shows that this market has been experiencing a 9.94% year-over-year increase, so this is just the beginning of what you can earn.
Learn More About STR Verifi and DSCR Interest-Only Jumbo Loans for Short-Term Rental Investing
California is where dreams come true, rendering it the prime location to make your American Dream a reality. By investing in an opportunity like this rental property investment in Encino, you can create generational wealth from passive income alone. Add an unequaled DSCR interest-only jumbo loan and the short-term rental data intelligence powered by STR Verifi to the mix, and financial freedom has never been more attainable.
To learn more about short-term rental data powered by STR Verifi and how our DSCR interest-only jumbo loans can finance the start of your short-term rental investing journey with a fast and easy approval process, talk with our team today.