Short-Term Rentals (STR) · 8 Min Read · Stephen R. Mannenbach, J.D., MBA · Loan Daddy LLC

How Short-Term Rental (Airbnb, VRBO & AirDNA) Income Is Underwritten for DSCR Loans

Bottom Line Up Front (Quick Answer):Wholesale STR DSCR lenders accept three income documentation paths: (1) AirDNA Rentalizer market projections (for new acquisitions and conversions), (2) trailing 12-month Airbnb/VRBO/direct-booking payout statements (for seasoned STRs), or (3) an STR-specialized Appraiser Form 1007 rent schedule.
Run AirDNA STR Underwriting Desk →Price Scenario Across 45+ Shelves

AirDNA Haircuts, Minimum Market Scores & Municipal Permit Verification

Most wholesale STR shelves apply a 0% to 20% haircut to AirDNA gross annual revenue projections and require an AirDNA Market Score of 60+ (or 50+ with 5% LTV reduction) plus verification that short-term rentals are legally permitted in the municipality and HOA.

Frequently Asked Questions

Can I refinance an Airbnb after 6 months of hosting history?

Yes. Several wholesale shelves accept 6-month trailing Airbnb/VRBO host payout ledgers annualized or blended with AirDNA projections.

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How Short-Term Rental (Airbnb, VRBO & AirDNA) Income Is Underwritten for DSCR Loans | Stephen R. Mannenbach, J.D., MBA · Loan Daddy LLC | Stephen Mannenbach