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Real Estate

DSCR Explained: The Ratio Behind Investment-Property Loans

If you are financing rental or investment property, one number often decides the deal: the debt service coverage ratio, or DSCR.

What DSCR measures

DSCR asks a simple question: does the property earn enough to cover its debt payments? It is the property's net operating income divided by its annual debt service. A DSCR of 1.25 means the property generates 25% more income than it needs to cover the loan.

Why lenders care

Many investor loans look for a DSCR at or above 1.25 because it signals the property can carry itself with a margin of safety. A ratio below 1.0 means the income does not fully cover the payments — a red flag for both lender and investor.

Improving the ratio

Higher rents, lower operating costs, or a larger down payment all lift DSCR. Running the number before you make an offer keeps you focused on properties that pencil out.

Explore investor financing options through Capital Solutions or our investor network.

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