Analyze 2–4 unit properties unit-by-unit. Get combined DSCR, cap rate, GRM, and a live loan rate quote — no income docs required.
2–4 unit properties qualify as residential financed DSCR loans — much more accessible than commercial financing. No income verification, no tax returns. Close in 21 days at investment-grade rates.
Market cap rates for 2–4 unit in most metros run 5–7%. Sub-5% is a strong appreciation play. Above 8% suggests either a deal or a problem — verify the rent roll and expense assumptions.
Gross Rent Multiplier = Purchase Price ÷ Annual Gross Rent. Investors use GRM as a fast filter: 8–12 is typical in most markets. Lower GRM = better income relative to price.
For loan qualification, lenders use Gross Rent ÷ PITIA (before vacancy/maintenance). This calculator shows you both: the lender's view and the investor's real cash-on-cash picture with full expenses.
Yes. 2–4 unit properties are eligible for DSCR loans through DSCRFlow. The property must be non-owner-occupied and held in an LLC or corporation. Expect a +0.25% rate adjustment versus a single-family property at the same LTV and FICO.
Lenders typically use Gross Monthly Rent ÷ PITIA — they look at the combined rent roll from all units, without deducting vacancy or management fees. The calculator shows you both the lender's DSCR and your real investor NOI-based analysis.
Target 5.5–7.5% in most markets. Below 5% is speculation-heavy. Above 8% warrants scrutiny on the expense assumptions or property condition. Use cap rate as one tool alongside cash-on-cash return and DSCR.
No — vacant units don't disqualify. Lenders use market rents for vacant units at underwriting. However, if you're buying a distressed property, factor realistic lease-up time into your cash flow projections. The vacancy rate input here lets you model that conservatively.
Minimum 15% down (85% max LTV) at higher rates. 20% is standard. 25% LTV gets you into best pricing. For a $500K fourplex: $75K minimum, $100K standard, $125K for best-rate pricing.
Apply in under 10 minutes. 48-hour approvals, 21-day closes. No tax returns or income verification.
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