Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated about 3 hours ago on . Most recent reply

Need help analyzing if this is a good DSCR option
Got a DSCR loan quote for a 3-family purchase and wanted to get a gut check from the community. Here's the summary:
Purchase Price: $650,000
Loan Amount: $487,500 (75% LTV)
Down Payment: $162,500
Loan Terms:
-
Interest Rate: 7.00% (fixed)
-
PITIA Payment: $4,552/month
-
Eligible Rent: $7,000/month
-
DSCR: 1.54x
-
Term: Standard DSCR 30-year amortization
Closing Costs:
-
Origination Fee: $6,094
-
Lender Fees (UW, Doc Prep, Processing): $1,745
-
Estimated Title Fees (1.25% of loan): $6,094
-
Estimated Escrows: $3,925
-
Total Cash to Close: $180,358
-
Assets Required in Bank: $40,965
Property is a fully rented 10-bed triplex in a strong rental market. We're factoring in 10% for property management, with estimated expenses at ~$25K/year. NOI is around $59K.
Looking to hold long-term with 2 other partners. Numbers work on paper, but wanted to hear what others think:
Are the Origination Fee & Lender Fees high?
Most Popular Reply
