Form 1025 Small Residential Income Property Appraisal Report
Standard 2–4 unit duplex, triplex, and fourplex appraisal and comparable rent schedule required for multi-unit DSCR loans.
Underwriting Formula / Rule
Total Qualifying 2–4u Rent = Sum of Unit 1 + Unit 2 + Unit 3 + Unit 4 Market/In-Place Rents.
Detailed Credit-Committee Impact & Thresholds
Form 1025 combines the physical valuation and comparable unit-by-unit market rent schedule for 2–4 unit residential investment properties (duplexes, triplexes, and fourplexes).
2026 Wholesale Benchmark: Up to 75%–80% LTV on 2–4 unit DSCR acquisitions across 45+ wholesale shelves.
Form 1025 Small Residential Income Property Appraisal Report — Underwriting Definition & Formula | Stephen R. Mannenbach, J.D., MBA | Stephen Mannenbach