Harbor LightLending Group

Qualifying a rental on its own income

Rent, operating cost and debt service — the ratio a DSCR lender underwrites to.

The property

A DSCR loan is underwritten on the building's income, not the borrower's.

Per month

Per year

Per year

Per month

Per year

Per year

Monthly cash flow

-$282

Debt-service coverage ratio 0.89. Lenders usually want at least 1.00, and price best above about 1.25.

Gross rent$38,400 / yr
Operating expenses$10,320 / yr
Net operating income$28,080 / yr
Loan amount$375,000
Mortgage payment$2,622
Cash to closeDown payment, origination and costs$138,625
Cap rate5.62%
Cash-on-cash return-2.44%
The year, from rent to what is left

Amortisation schedule

360 payments · $568,940 interest over the life of the loan. Illustrative.

Payment, interest, principal, remaining balance and running interest total for each year
PeriodPaymentInterestPrincipalBalanceInterest to date
Year 1$31,465$28,008$3,457$371,543$28,008
Year 2$31,465$27,739$3,725$367,818$55,747
Year 3$31,465$27,450$4,014$363,803$83,197
Year 4$31,465$27,139$4,326$359,477$110,336
Year 5$31,465$26,803$4,662$354,815$137,139
Year 6$31,465$26,441$5,024$349,792$163,579
Year 7$31,465$26,051$5,414$344,378$189,630
Year 8$31,465$25,630$5,834$338,543$215,261
Year 9$31,465$25,178$6,287$332,256$240,438
Year 10$31,465$24,689$6,775$325,481$265,128
Year 11$31,465$24,164$7,301$318,180$289,291
Year 12$31,465$23,597$7,868$310,312$312,888
Year 13$31,465$22,986$8,479$301,833$335,874
Year 14$31,465$22,328$9,137$292,696$358,201
Year 15$31,465$21,618$9,846$282,850$379,820
Year 16$31,465$20,854$10,611$272,239$400,674
Year 17$31,465$20,030$11,434$260,805$420,704
Year 18$31,465$19,143$12,322$248,483$439,846
Year 19$31,465$18,186$13,279$235,204$458,032
Year 20$31,465$17,155$14,310$220,894$475,187
Year 21$31,465$16,044$15,421$205,474$491,232
Year 22$31,465$14,847$16,618$188,856$506,079
Year 23$31,465$13,557$17,908$170,948$519,635
Year 24$31,465$12,167$19,298$151,651$531,802
Year 25$31,465$10,669$20,796$130,854$542,471
Year 26$31,465$9,054$22,411$108,444$551,525
Year 27$31,465$7,314$24,150$84,294$558,839
Year 28$31,465$5,439$26,025$58,268$564,279
Year 29$31,465$3,419$28,046$30,223$567,698
Year 30$31,465$1,242$30,223$0$568,940

What this page assumed

  • A 30-year amortising loan on the whole loan-to-value; interest-only DSCR products behave differently.
  • Vacancy is allowed for at 5% of gross rent; management fees, capital expenditure reserves and turnover costs are not included.
  • DSCR thresholds and pricing vary by lender and are not a rate sheet.
  • Every figure on this page is illustrative. It is not a rate, an APR, a quote or a commitment to lend.

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Every number above is held in this page's web address, so a copied link opens with your figures already filled in.

Talk it through with someone

A demonstration form. It validates, then shows you the thank-you state — it does not send, store or transmit anything.

No consent box is pre-ticked because there is nothing to consent to: this form has no recipient.

Numbers are a start, not an answer.

A calculator does not know your credit, your reserves, the property, or what the seller will agree to. On a real site this is where you would talk to somebody.