REAL ESTATE UNDERWRITING

DSCR

Also called: debt service coverage ratio · debt coverage

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PLAIN-ENGLISH DEFINITION

A ratio comparing property cash flow, commonly NOI, with required debt service.

What it means in practice.

Lenders use DSCR to assess whether property income provides a cushion above scheduled principal and interest payments. Definitions and minimums vary by lender and loan program.

Why it matters.

A 1031 deadline does not eliminate lender underwriting, so DSCR feasibility should be assessed early.

Additional notes.

Lenders use DSCR to assess whether property income provides a cushion above scheduled principal and interest payments. Definitions and minimums vary by lender and loan program.

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