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Debt Service Coverage Ratio (DSCR) indicates if the property generates enough income from rents to pay the mortgage payment (similar to debt to income ratio concept in residential loans). In technical terms, the DSCR is the ratio of the property net operating income to the annual mortgage payment; a property with a DSCR of 1.35 generates 35% more net income than is required to meet its operating expenses.

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Please complete borrower and property information.

Name on property title
Primary Borrower (First, MI, Last Name)

Property address(es)
City		State	Zip			County

Please complete this market debt service coverage ratio worksheet. Please note in many cases, the appraiser will calculate an estimate of income potential as an independent confirmation of the stated information in this document. *Minimum stated DSCR = 1.20 Multi-Family; 1.25 Mixed-Use; 1.30 Commercial*
Annual Income	Gross Rental Income all tenants of subject property				per year
	Gross Rental Income owner user * (refer to separate calculation below)				per year
	Other Income, if any (i.e. - laundry room, cable, etc.)				per year
	Total Annual Gross Property Income (Subject)			A	per year

Vacancy	Less Vacancy Allowance (actual vacancy % or 5%, whichever is greater)			B	per year

Annual Expenses	Insurance, Taxes, Maintenance, Utilities, etc. (do not include P&I or expenses paid by the tenants)			C	per year

Net Operating Income	Income less vacancy and expenses [A B C = D]			D	per year

Annual Debt Service	Principal and interest payment x 12 months (for the proposed loan)			E	per year

Debt Service Coverage Ratio	Net Operating Income divided by Annual Debt Service [D / E = F]			F

If a portion of the property will be occupied and used by the owners business, complete the following:
* Gross Rental Income Owner User	Total square feet used by Owner			a
	Fair market rental value per square foot			b	per year
	Gross Rental Income from Owner User = Total square feet times fair market rental value [a x b = c]			c	per year

Borrower Certification

I / we the undersigned borrowers attest to the accuracy of this information, to the best of our ability.

Name

Signature

Date

Name

Signature

Date

Non-person Entity Certification

If name on the property title is a corporation, trust, LLC, partnership, etc., an officer of the entity must also sign. I attest to the accuracy of this information, to the best of my ability.

Name

Signature

Date

Title

Name of Entity

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Property Information

*Purchase or Refinance:
*Property Value:
*Property Type:
*Loan Amount:
Loan to Value%:
Can you submit details today?:
*City, State:
Property Description and address:
Requested Rate:
Requested Closing Date?:
Number of Units:
# of Units Occupied:
Gross Income:
Expenses:
Net Operating Income:
Loan Terms Requested:
*Name:
Borrower Name:
*Contact Phone:
*E-mail:
Fax:
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Contact Mailing Address:
Interest Only Option?:
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