If the rent covers the payment, the loan closes. No W-2. No tax returns. No DTI gymnastics. Close in an LLC. Use Airbnb income. Stack 5, 10, 20+ doors. The single most important loan for serious Florida investors.
DSCR = monthly rent ÷ monthly PITIA. If rent is $4,000 and PITIA is $3,200, your DSCR is 1.25. Most programs want 1.0+, some go to 0.75 with rate adjustments. Simple math. Powerful loan.
Property rent only. No W-2, no tax returns, no employment verification. The deal stands on its own cashflow.
12-month AirDNA projection or actual P&L. Coastal FL Airbnb rents make DSCR ratios that long-term rentals can't touch.
660–680 minimum (program dependent). 720+ unlocks best pricing. Recent credit events tolerated more than agency loans.
20–25% standard. Some programs accept 15% with strong DSCR (1.25+). Cash-out refi up to 75% LTV.
Allowed and often preferred. Personal guarantee usually required. Asset protection without sacrificing financing.
Conventional caps you at 10 financed properties. DSCR has no cap. Stack 20, 50, 100 doors. Real portfolio building.
Monroe County licensed vacation rentals can produce $80–150k/year in gross rent. DSCR ratios at 1.5–2.0 are common, which unlocks better pricing and 75%+ LTV cash-out. The Keys is the best DSCR market in Florida.
Buy + rehab with bridge or hard money → stabilize → DSCR cash-out refi to recover capital. The exit on every BRRRR deal we structure ends with DSCR. See bridge loans →
Above 5–7 doors, a single portfolio loan covering multiple properties often beats individual DSCR loans on rate and admin. We run both side-by-side.
Your equity in stabilized rentals is dead money. DSCR cash-out at 70–75% LTV recycles capital into the next property. We model the deal velocity.
Coastal FL insurance can blow up a DSCR ratio. Get the quote BEFORE you write the offer. Use the insurance estimator →
30-minute call. We'll run the DSCR on the property, model insurance, talk LLC structure, and lay out a financing path that scales beyond the first deal.
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