AirDNA Short-Term Rental (STR) Underwriting
Bottom Line Up Front (BLUF): Because short-term rentals do not have 12-month leases, specialized wholesale DSCR lenders accept AirDNA market revenue projections (typically applying a 15%–20% operating expense haircut) or 12-month platform host statements.
Underwriting Formula / Rule
STR DSCR = ((Annual AirDNA Revenue ÷ 12) × 0.80) ÷ Monthly PITIA.
Wholesale Shelf Benchmark
Up to 75%–80% LTV Purchase and 70%–75% LTV Cash-Out Refinance.
Frequently Asked Underwriting Questions
What percentile or score does AirDNA need to meet?
Most wholesale STR shelves require a minimum AirDNA Market Score of 50–60+ and 5 comparable active STRs in the submarket.
Arranged by Loan Daddy LLC (NMLS #2827624 · (480) 485-1229 · [email protected]). Business-purpose investment properties only.