Comparison

12-Month Airbnb Statement vs Appraisal Form 1007: Which Wins for Your DSCR?

If you have a strong trailing 12-month Airbnb statement, it can beat a conservative Form 1007 projection — actuals are hard to argue with. If your history is short, seasonal, or soft, the 1007’s normalized projection may qualify you better. Here’s when each wins.

The two ways to prove STR income

For a property with operating history, lenders will look at a 12-month statement of actual revenue; for one without (or to normalize a noisy history), they’ll use an appraiser’s Form 1007 short-term-rent schedule. Often you can choose — and the choice can move your DSCR.

When actuals win

Strong, full-year actuals above the market projection let you qualify on the higher number — and modeled-vs-actual reconciliation shows projections often run conservative, so a clean, documented actual can lift your DSCR. Keep platform statements and a simple P&L from day one.

When the 1007 wins

A short, new, or seasonally-skewed history can understate the property. A normalized Form 1007 smooths that, carries an appraiser’s signature, and is accepted nearly everywhere — the safer choice when your actuals don’t yet tell the full story.

How to decide

If you have 12+ clean months above the comps, lead with actuals. If your history is thin or distorted, lead with the 1007. Either way, confirm the method your target lender accepts before ordering — the engine shows which lenders take which.

Frequently asked questions

Can I get a DSCR loan on an Airbnb with no rental history?

Yes. 9 of the 10 STR lenders we track qualify the loan on a market revenue projection (AirDNA/Rabbu) or an appraiser’s Form 1007 short-term-rent schedule, so no operating history is required for many programs.

What down payment and LTV do STR DSCR loans require?

Most STR DSCR programs want 25–30% down (70–75% LTV) — slightly more than a long-term-rental DSCR loan, reflecting the variability of nightly income. A stronger cap-adjusted DSCR and credit band can unlock the higher-LTV tier.

What DSCR do STR lenders require?

Most set a floor around 1.0 on the cap-adjusted DSCR (revenue ÷ PITIA). Some offer no-ratio or sub-1.0 STR programs at a premium for thinner deals. The engine shows your ratio against each lender’s specific floor.

Are you a lender or a broker?

Neither. NightYield is a marketing and lead-referral service. We don’t originate, quote, or negotiate loans — we compute the feasibility truth and, if you ask, connect you with STR lenders who fund Airbnb income.

How current is this information?

Revenue and rate figures render from the data layer with an “as of” date; STR legality is re-checked on a monthly minimum and on ordinance events, because stale legality is worse than none. Every status shows when it was last checked and a source to verify.

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