How to Use and Exploring the DSCR Calculator
DSCR loans required no Income or Job.
Introducing our groundbreaking DSCR Calculator – a tool designed with you in mind. Say goodbye to guesswork and hello to informed financial planning!
In the world of real estate investment, making informed decisions is paramount. Whether you're a seasoned investor or just dipping your toes into the rental property market, understanding the financial aspects of your potential investment is crucial. That's where our Rental Property Calculator comes into play.
This powerful tool is designed to simplify the often complex and time-consuming process of evaluating rental properties. It's your trusted companion for crunching the numbers, estimating potential returns, and determining the feasibility of your investment.
Here's a brief overview of what makes our Rental Property Calculator a must-have for anyone interested in real estate:
Crunching the Numbers Made Easy
Investing in rental properties involves a multitude of financial variables, from purchase price and mortgage rates to rental income and property expenses.
Our calculator effortlessly handles these complexities, making it accessible to both newcomers and experienced investors.
Investor Cash Flow Loan Program
Credit scores starting at 680.
Up to 80% LTV
What is DSCR Calculation?
The debt service coverage ratio (DSCR) is a ratio of a property's cash flow to its annual mortgage debt. This includes principal, interest, taxes, insurance, and HOA fees in the mortgage debt.
The ratio is calculated by taking the expected rental payment and dividing it by the annual mortgage debt RDP (Rent Divided PITIA= DSCR).
Example Rent Divided PITIA (RDP)
$1100 Rent / $1000 PITIA = 1.10% DSCR Positive Cash Flow
$1100 Rent / $1100 PITIA = 1.00% DSCR 1 to 1 Break Even
$1000 Rent / $1100 PITIA = .90% DSCR Negative Cash Flow
Is personal income required to qualify for an Investor Cash Flow loan?
No personal income is required to qualify. This saves you from submitting complicated income statements and tax returns.
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Can I get a mortgage for an investment property?
Yes, utilizing our Investor Cash Flow product allows for cash flow on the property to be used to qualify for the loan. No tax returns or employment information is required.
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Equal Housing Opportunity
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Amber Gifford, Trec Lic. #0732687
Scotty Gifford TREC Lic. #0740987
Scotty Gifford NMLS ID # 2357310
Broker is FYI Realty Katy. INVEST IN YOUR FUTURE
We also have a Humble office, FYI Realty Humble
Broker is FYI REALTY, Lender is MiMutual Mortgage