For leased long-term rentals, wholesale DSCR underwriters use the lesser of actual in-place lease rent or Form 1007/1025 appraiser market rent (unless a lease step-up exception applies), while vacant acquisitions use 100% of Form 1007 market rent and short-term rentals use 80%–90% of AirDNA or T-12 STR revenue.
Format per line: Unit Name, Type (SFR | 2-4u Plex | STR/AirDNA | 5-25u Multifamily), In-Place Rent, Form 1007 Rent, Monthly PITIA, Property Value
| Property / Unit | Asset Class | In-Place Rent | Form 1007 Rent | Underwritten Rent | Monthly PITIA | Unit DSCR | Est. Value |
|---|---|---|---|---|---|---|---|
| Unit 101 - Phoenix SFR | SFR | $2,850/mo | $3,000/mo | $2,850/mo | $2,200/mo | 1.3x | $395,000 |
| Unit 102 - Scottsdale STR | STR/AirDNA | $5,200/mo | $3,100/mo | $4,680/mo | $3,300/mo | 1.42x | $560,000 |
| Unit 201 - Tempe Duplex A | 2-4u Plex | $1,950/mo | $2,050/mo | $1,950/mo | $1,550/mo | 1.26x | $275,000 |
| Unit 202 - Tempe Duplex B | 2-4u Plex | $1,900/mo | $2,050/mo | $1,900/mo | $1,550/mo | 1.23x | $275,000 |
| Unit 301 - Mesa 6-Plex | 5-25u Multifamily | $8,400/mo | $8,900/mo | $8,400/mo | $6,400/mo | 1.31x | $1,150,000 |