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DSCR Loans for Short-Term Rentals in Florida | CPMS
Most investors who get turned down for a rental loan aren’t short on money. They’re short on the paperwork a traditional loan wants to see. If that’s you, there’s a better-fitting tool — and it lets you know whether a deal works before you ever write an offer.
Watch the full conversation — or read the breakdown below.
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The wall a lot of good investors hit
You’re self-employed, you write a lot off, or you already own enough rental property to complicate your debt-to-income ratio. You have the down payment and the reserves — you just don’t show a lot of income on your tax return. On a conventional loan, that’s a wall. The loan qualifies you, and your tax return doesn’t cooperate.
It’s not a strength problem. It’s a documentation problem. And there’s a loan built to flip it.
The DSCR loan: qualify the property, not the person
A DSCR loan — debt service coverage ratio — asks one basic question: does the rent this property brings in cover the mortgage payment? If it does, you’re in the conversation. No W-2s, no tax returns, no personal debt-to-income ratio.
These are business-purpose investment loans — a property you’re going to rent, not a home you’re going to live in. That distinction matters, and it’s also what lets us do these loans in most states, not just Florida.
The part most people haven’t seen: using Airbnb-style income, up front
The traditional DSCR path leans on long-term annual rent — and the number that the whole deal stands on is the appraiser’s opinion of market rent. The catch: you don’t get that number until the appraisal comes in, after you’re under contract and after you’ve paid for it. If it lands lower than the story you were sold, your deal is suddenly short — at the worst possible time.
Here’s what changes the game. On many of these loans you’re not limited to long-term lease rent. You can qualify using projected short-term rental income — Airbnb-style nightly revenue. Our short-term rental income model pulls real performance for the market (what comparable properties are actually booking, occupancy, nightly rates) and produces a projected annual revenue for that specific address.
That means you find out whether a property works before you make an offer — before you spend a dime on an appraisal hoping the rent number lands. And on a purchase, you don’t need 12 months of existing Airbnb statements; the projection does the work.
Three properties, three answers
The best way to show it is to run real listings. Here are three we pulled.
1) The one that works — Jupiter
A 5-bedroom single-family home, no HOA, offered at $659,000. The tool projected about $92,000 a year in short-term rental revenue at roughly 66% occupancy. With 20% down, this one throws off close to $800 a month in cash flow after the mortgage payment — and we know up front that it qualifies.
2) The one that mostly pays for itself — St. Augustine
A beach-area condo offered at $272,000, projecting around $35,000 a year at about 58% occupancy. This one costs you a few hundred dollars a month rather than making money — but there can still be a loan path, and for the right buyer it’s interesting: own a near-beach condo for a few hundred a month, use it a few times a year, and it may become your primary residence down the road once you retire. It mostly pays for itself along the way.
3) The one to walk away from — Coral Springs
A beautiful 3/2, roughly 1,600 sq ft, no HOA, at $640,000. Projected income was just under $55,000, but with 20% down the payment ran over $5,000 a month — you’d be digging into your pocket every month. We’d tell you that up front. Better to know in the afternoon than after you’ve written the offer.
For agents: a new way to market a listing
There aren’t an overflowing number of buyers per listing right now. Being able to market a property on what it earns — and show an investor exactly how it finances — opens up a different buyer pool. The MLS wording can go from “nice pool home” to “nice pool home — here’s what it earns and here’s how an investor finances it.” If you’ve got a listing, we’ll crunch the numbers for you.
The fine print worth respecting
- These are projections, not promises. The data is scrubbed and well-informed, but actual short-term rental performance varies.
- Short-term rental use isn’t allowed everywhere. Local ordinances, zoning, and HOA or condo rules can restrict or prohibit it — and the tool may not catch that. Ask those questions before you make an offer.
- Taxes are estimated at full value. If the property is losing a homestead cap, we bake in the higher tax bill, not the prior owner’s capped one.
- The property still gets appraised. Even though we can tell you about the income, the home still needs to appraise for value.
- Pricing. These loans can carry a higher rate or fees — but not always. Some come in surprisingly competitive, not far off conventional conforming financing.
Have a property in mind?
Send us the address and we’ll tell you up front whether the numbers work — as a buyer, or as an agent with a listing to market.
Send us the address and we’ll tell you up front whether the numbers work — as a buyer, or as an agent with a listing to market.
Capital Partners Mortgage Services, LLC · 1515 N. University Dr., Suite D102, Coral Springs, FL 33071 · (954) 271-2024 · NMLS #2332376 · Equal Housing Opportunity. This is not a commitment to lend. All loans are subject to credit approval, property eligibility, appraisal, and program guidelines; rates, terms, and program availability are subject to change. DSCR loans are business-purpose investment loans and are not available for owner-occupied properties. Income figures shown are third-party market projections provided for illustration only and are not guarantees of rental performance. Short-term rental use may be restricted by local ordinances, zoning, or HOA/condo rules. Verify NMLS at nmlsconsumeraccess.org.
