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Real estate & rental

Real Estate DSCR Calculator

Debt service coverage ratio, the number a lender uses to decide whether the rent covers the loan.

Your numbers

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Result

DSCR 1.2
Annual debt service $23,520
Monthly payment $1,960.00
Largest loan at the minimum DSCR $278,928
NOI above what the minimum requires $5,680
DSCR is 1.2, below the 1.25 the lender wants. At this income the largest loan that qualifies is about $278,928.

An arithmetic tool, not investment advice. Property returns depend on the local market, the condition of the building, financing terms and tax position, none of which a calculator can see. Verify the income and expense figures against actual statements rather than a seller's projection. Lenders calculate NOI to their own standards, which are usually stricter than an owner's: they often impose a minimum vacancy factor, a management fee even for self-managed property, and a replacement reserve. Expect the lender's NOI to be lower than yours.

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Questions

About this calculator

What DSCR do lenders want?

Commonly 1.20 to 1.30 for residential investment property, higher for commercial or for riskier asset types. Below 1.0 the property does not cover its own loan.

Why is the lender's NOI lower than mine?

Because they apply their own assumptions: a minimum vacancy rate, a management fee whether or not you pay one, and reserves for capital items. Those adjustments routinely knock several thousand off.

The formula

DSCR = net operating income / annual debt service

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