Markets / St. Paul, MN / Townhouses
DSCR Loans for Townhouses in St. Paul, Minnesota
Townhouse investment property financing - Minneapolis-St. Paul-Bloomington metro area - Population 312K
Median Home Price
$300,000
Est. Rent (Townhouse)
$1,400/mo
Est. DSCR (75% LTV)
0.77
Rent-to-Price
0.47%
DSCR Analysis - Townhouse in St. Paul
Based on $300,000 median price, $1,400/mo estimated rent, 1.16% property tax rate
| LTV | Down Payment | Loan Amount | Monthly P&I | Monthly PITIA | DSCR |
|---|---|---|---|---|---|
| 75% | $75,000 | $225,000 | $1,385 | $1,825 | 0.77 |
| 80% | $60,000 | $240,000 | $1,478 | $1,918 | 0.73 |
| 85% | $45,000 | $255,000 | $1,570 | $2,010 | 0.70 |
Townhouses as DSCR Investment Properties in St. Paul
Townhouses are eligible for DSCR financing and often offer a good balance of price and rent in suburban markets. HOA fees (if any) are included in the DSCR calculation.
Townhouses are underwritten similarly to SFR. Any HOA fees are added to the PITIA for the DSCR calculation.
St. Paul Market Overview
St. Paul, Minnesota has a population of approximately 312K and is part of the Minneapolis-St. Paul-Bloomington metropolitan area. The median home price is $300,000 with major employers in Government, Healthcare, Education. Minnesota has moderate landlord-tenant laws with reasonable eviction processes.
LTV and Financing Terms
Up to 85% LTV on purchases. DSCR loans for townhouse properties in St. Paul require no income verification or tax returns - qualification is based entirely on the property's rental income relative to the mortgage payment. FICO scores starting at 600. DSCR Direct compares rates from hundreds of lenders to find the lowest rate for your St. Paul townhouse.
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