Can You Combine STR and Long-Term Rental Income on One DSCR Application?
It depends on whether you mean one property or a multi-property loan. A single property is generally underwritten on one income type at a time — either its STR projection or its long-term lease, not both simultaneously. A portfolio DSCR loan across several properties, though, can absolutely blend STR and LTR units within the same application.
NightYield Editorial
STR-DSCR research & underwriting desk
Published 2026-07-07
Single property: pick a lane
For one property securing one loan, the DSCR calculation uses a single income figure — either the projected short-term rental income (from a market data tool, comparable listings, or actual booking history) or the long-term lease amount, whichever matches how the property is actually being used and marketed at underwriting.
You generally can't average or combine both income types for a single unit even if you plan to run it as a hybrid — say, STR in peak season and a mid-term lease in the off-season. The lender needs a defensible number for what the property will earn, and hybrid-use properties tend to get underwritten conservatively on whichever income stream is easiest to document, often the lower of the two.
Portfolio loans: blending is normal
If you're financing multiple properties under one blanket or portfolio DSCR loan, mixing STR and LTR units is standard. Each property contributes its own income figure — STR projections for the short-term units, in-place leases for the long-term units — and the lender aggregates total income against total debt service across the portfolio.
- Portfolio DSCR is calculated in aggregate: total projected/actual income across all properties, divided by total payment obligations across all properties.
- A strong LTR property with a long, stable lease can offset a newer, unproven STR property in the same portfolio.
- Individual property performance still matters for risk assessment, but the pass/fail threshold is usually applied at the portfolio level, not property by property.
Key takeaways
- One property, one loan: pick STR or LTR income — you generally can't blend both for a single unit.
- Multiple properties, one portfolio loan: blending STR and LTR income across the portfolio is standard and often beneficial.
- If you're weighing STR conversion on a currently-leased property, model both income scenarios separately before applying — see /learn/qualify-projected-airbnb-income-dscr/.