Real Closed File Review – Bellerose 🏡✅
- marketing928870
- Sep 17
- 2 min read
📍 The Deal: Bellerose Investment Property
Loan Type: DSCR (Debt Service Coverage Ratio) Loan
Property Value: $905,000
Down Payment: $226,250 (25%)
Credit Score: 724
Property Taxes: $14,795
HOI (Homeowners Insurance): $2,353
Rental Income: $5,500
Monthly Mortgage (Including Taxes & Insurance): $5,940
DSCR Ratio: 0.93
🔑 What This Means
DSCR loans qualify investors based on a property’s rental income, not their personal income or tax returns. For this property, the DSCR ratio came in just under 1.0 which typically makes approval more challenging.
But thanks to the borrower’s strong credit, solid reserves, and future rental potential, our team secured approval and helped them move forward with this investment. 🙌
📈 Why DSCR Loans Matter for Investors
✅ No personal income documentation required
✅ Great for investors building or scaling their portfolio
✅ Approval based on property performance, not pay stubs or tax returns
✅ Flexibility when traditional loans don’t fit
Ready to Invest?
If you’re looking to expand your real estate portfolio, a DSCR loan could be the solution that opens the door. At LJ Mortgage Team, we specialize in helping investors achieve their goals with the right financing strategy.
📞 Call us today at (516) 218-1297 or visit us at our South Ozone Park office to learn more.
LJ – Your Local Guide to Homeownership!
127-03 Rockaway Blvd, South Ozone Park, NY 11420
(516) 218-1297
LJ Realty Team – Buy • Sell • Rent LJ Mortgage Team Inc. NMLS# 2120286
Equal Housing Opportunity | Mortgage Broker Only (Not a Lender)
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