FAQ
First rental questions
What is calculated, what is an allowance, and what the county record replaces.
Asked, answered
First rental questions
- Is the rent figure a market rent?
- No. Rent is what you type. The ledger does not look up a rent survey.
- What does DSCR mean here?
- Net operating income for the month divided by the principal-and-interest payment. It is the ratio a lender often asks for. It is not a pre-approval.
- Why add a premium to this week's rate?
- Investor loans are often priced above the owner-occupied survey rate. The page states the premium it adds. Use your lender's number if you have one.
- Are the results a quote?
- No. They are estimates from the inputs on the page. A loan estimate is a lender's document.