Will that rental qualify?

The rent does the qualifying, not your tax returns. Rent ÷ payment = DSCR. Hit 1.0 and it works.

01 — The Property look it up, type it in, or upload a fee worksheet

Purchase price

Monthly rent

Property taxes / yr (% or $)

Insurance / yr

HOA dues / mo

Plan to sell or refi in

Data connection settings

RentCast API key

Pulls value, market rent, taxes, and HOA dues from public records and rental comps for 140+ million US properties. Get a free key at rentcast.io/api, then activate the free Developer plan on their billing page. The key is saved only in this browser. No key? Just type the numbers in by hand.

Fees, title, and reserves (already set with good defaults)

02 — The Financing a longer prepay penalty buys a lower rate. Compare the tradeoff.

03 — The Verdict

The numbers, side by side.

See every closing fee, itemized

Down payment moves the ratio.

DSCR vs Down Payment

Each line is one financing option at its rate. Cross 1.00 and the property covers itself; cross 1.25 and you unlock most lenders' best pricing. Dots mark where each option sits now.

Questions investors always ask.

What is DSCR and why does it matter?

Debt service coverage ratio: the monthly rent divided by the full monthly payment (principal, interest, taxes, insurance, HOA). At 1.0 the property pays for itself and most lenders will fund the deal. At 1.25 you unlock the best pricing tiers. Your tax returns, W2s, and personal debt never enter the math.

What are the typical minimums?

20% or more down, a credit score around 620 to 680 or better, and 3 to 6 months of payments in reserves after closing. Options exist below a 1.0 DSCR at adjusted pricing. Loan amounts usually run $75,000 to $3 million.

Why would I ever accept a prepayment penalty?

Because it buys a lower rate. A 5 year penalty structure typically prices well below a no penalty loan. If you plan to hold the property past the penalty window, the penalty never bites and the cheaper rate wins. If you plan to sell or refinance early, the "cost to exit" comparison on page 1 shows which structure actually costs less for your timeline.

Will the lender use my rent number?

The qualifying rent is set by the appraiser's market rent schedule (Form 1007), not your estimate or even the current lease alone. The market rent estimate in this analysis is a good preview, but plan around the appraisal.

Can I buy in an LLC? What about short term rentals?

Yes, most DSCR lenders close in an LLC with a personal guarantee, which is how most investors hold rentals. Short term rentals work with many lenders using 12 month revenue history or a market rent analysis, usually with a bigger DSCR cushion.

What happens next?

Send the address and your target numbers, and we will pull the market rent, price the penalty structures against your hold plan, and lock the one that fits. Call or text (469) 734-6352, or start at nealpyles.com.