🏡 Vacancy and DSCR – When “One Empty Unit” Changes Everything 🏡

[Stevan Stojakovic]

🏡 Small multifamily investors run into this constantly.

Deal looks solid on paper. Numbers work. Cash flow appears safe.

Then underwriting hits.

One vacant unit… and suddenly DSCR fails, leverage drops, pricing changes, or the deal dies entirely.

📉 Lenders don’t view vacancy the way spreadsheets do.

They underwrite stabilized occupancy, apply minimum thresholds, and stress cash flow durability. Falling below those levels isn’t just “temporary” in their models - it’s risk.

⚡ This is where many otherwise good deals break.

Not because the property is bad… but because the presentation, lease-up logic, and stabilization timeline weren’t built for credit review.

🎯 If you’re analyzing...

• Small multifamily
• Value-add acquisitions
• Lightly vacant properties
• Lease-up scenarios

...you need lender-grade math, not investor-grade optimism.

💬 DM us “LEASEUP”

We’ll help you structure a stabilization story lenders actually accept.

Phoenix Funded
[email protected]
786-431-2532
305-439-5911

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