LTR (Long-Term Rental)
A rental property leased on monthly terms, typically with 12-month leases. Income is verified via the lease agreement or appraiser's market-rent estimate (Form 1007). The default DSCR property type.
Why it matters on a DSCR loan
Long-term rentals are the path of least resistance in DSCR underwriting: income documentation is simple, vacancy assumptions are mild, and pricing sits at the baseline that STR and specialty property types are measured against. If the property is already leased, the underwriter compares the lease rent to the appraiser's 1007 estimate, so a below-market lease you inherited from a seller can drag down your qualifying income. Investors converting an STR to an LTR for financing purposes should confirm which income documentation the lender will use before locking.
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DSCR Calculator Get a QuoteReviewed by Arin Baghermian, Broker Owner — NMLS #1220456 · Last reviewed July 2, 2026 · DSCR Capital Partners is a brand of UTM Financial, LLC (NMLS #2591548).