DSCR calculator for New York City rentals
See if a New York City rental covers its loan the way a DSCR lender will. We prefilled New York City's average rate for 1–3 family homes. Swap in your own numbers.
Your New York City deal
Example numbers. Type over any of them.
- Principal and interest
- Property taxes
- Insurance and HOA
- Cash flow before repairs
Estimates assume a 30-year fixed loan. Not a loan offer.
Property taxes swing widely across New York
The same $250,000 rental renting for $2,100 lands at a different DSCR depending on where it sits, because taxes are part of the payment a lender counts.
| Area | Average tax rate | Taxes per month | DSCR |
|---|---|---|---|
| New York City (1–3 family) (this page) | 0.70% | $146 | 1.31 |
| Albany County | 1.77% | $369 | 1.15 |
| Erie County (Buffalo) | 1.98% | $412 | 1.12 |
| Onondaga County (Syracuse) | 2.44% | $508 | 1.07 |
| Monroe County (Rochester) | 2.63% | $548 | 1.05 |
Average effective rates on owner-occupied homes from Census Bureau American Community Survey data. Rentals don't get STAR exemptions, so investor bills can run higher. Example: 25% down, 7.50% rate, 30-year loan, $150 a month for insurance and HOA.
What to check on a New York City DSCR deal
- Rentals don't get New York's STAR exemption, so expect a tax bill above what an owner-occupant pays.
- Rates vary by town and school district even within a county. Use the actual tax bill or assessment for the address.
- Many New York cities require rental registration or inspections. Check the rules before you close.
- New York City taxes 1–3 family homes far more lightly than buildings with four or more units, which are assessed at a much higher ratio. A 4-unit's bill can be several times higher. Co-ops usually can't be financed with DSCR loans.
Want it checked for you? The $29 report pulls comparable New York City rentals, the real taxes and insurance, and flags what a lender would. See a sample.