DSCR & Cash Flow

AirDNA Short-Term Rental (STR) Underwriting

Using AirDNA Rentalizer or 12-month Airbnb/VRBO payout history instead of a long-term lease to qualify a vacation rental DSCR loan.

Underwriting Formula / Rule

STR DSCR = ((Annual AirDNA Revenue ÷ 12) × 0.80) ÷ Monthly PITIA.

Detailed Credit-Committee Impact & Thresholds

Because short-term rentals do not have 12-month leases, specialized wholesale DSCR lenders accept AirDNA market revenue projections (typically applying a 15%–20% operating expense haircut) or 12-month platform host statements.

2026 Wholesale Benchmark: Up to 75%–80% LTV Purchase and 70%–75% LTV Cash-Out Refinance.

Related Underwriting Terms

Debt Service Coverage Ratio (DSCR)Form 1007 Single-Family Comparable Rent Schedule Form 1025 Small Residential Income Property Appraisal Report 5-4-3-2-1 Step-Down Prepayment Penalty 3-2-1 Step-Down Prepayment Penalty Yield Maintenance Prepayment Provision