New York DSCR, Hard Money, Fix & Flip, Construction & Multifamily Loans
New York (NY) Underwriting Snapshot (BLUF): Wholesale business-purpose investment property loans in New York utilize Judicial (RPAPL Article 13) security instruments, with an average non-homestead effective property tax rate of 1.64%, a median 1–4 unit investment home price of $545,000 (median rent $3,950/mo), and 5+ unit multifamily market rents averaging $2,280/door. Arranged by Loan Daddy LLC (NMLS #2827624).
SECURITY INSTRUMENT
Judicial (RPAPL Article 13)EFFECTIVE PROPERTY TAX
1.64% Avg ($745/mo)MEDIAN 1–4 UNIT PRICE & RENT
$545,000 · $3,950/mo5+ UNIT MULTIFAMILY RENT
$2,280/door/moNew York Pre-Populated Underwriting Terminal
1–4 Unit PITIA vs. 5–25+ Unit Commercial NOI Simulator
Loan Daddy LLC · NMLS #2827624 · AZ CMB #CMB-2016143 · Canonical Integer _cents & _bps Engine
Price/Door: $545,000·Loan/Door: $408,750·Avg Rent/Door: $3,950/mo
Prepayment Stepdown Structure
Amortization & FICO Tier
Calculated DSCR Coverage Ratio
1.11xCanonical:
111 bps · 7500 bps LTV · 6625 bps Rate1.00x Breakeven DSCR Eligible (1–4 Units)
Loan Amount (75% LTV)$408,75040,875,000 _cents
Monthly P&I Debt Service$2,617/mo@ 6.625% Note Rate
Total Monthly PITIA$3,553/moTax: $745 · Ins: $191
Net Monthly Cash Flow+$397/mo$4,766/yr net
Wholesale PPE Multi-Option Execution Comparison (Borrower-Paid 2.000% Default · 39 Wholesale Lenders)
| Execution Option | Prepay Structure | Est. Note Rate | Prepay Price Credit | Monthly Debt Service | DSCR Ratio |
|---|---|---|---|---|---|
| Option A: Lowest Rate (60-Mo Stepdown) | 5-4-3-2-1 | 6.625% | -100 bps (-1.000 pt) | $3,553/mo | 1.11x |
| Option B: Balanced Par (36-Mo Stepdown) | 3-2-1 | 6.875% | -75 bps (-0.750 pt) | $3,621/mo | 1.09x |
| Option C: Max Cash Flow (10-Yr Interest-Only) | 3-2-1 IO | 7.000% | +38 bps IO LLPA | $3,320/mo | 1.19x |
Many DSCR lenders focus on the property's rent, not your tax returns. Not all applicants will qualify; terms vary by lender. Loans made or arranged pursuant to a California Financing Law license, #60DBO-218873.
New York Cities with Population ≥ 50,000 (15 Markets)
Click any New York city below to open its localized DSCR & Commercial Multifamily underwriting desk with county property tax rates, median rent benchmarks, and a pre-populated city deal calculator:
| City (NY) | County | 2026 Est. Pop | Effective Tax Rate | Median 1–4 Unit Price | Median Monthly Rent | 5+ Unit Rent/Door |
|---|---|---|---|---|---|---|
| New York, NY → | NEW YORK County County | 9,162,362 | 1.61% | $595,000 | $4,400/mo | $2,525/door |
| Buffalo, NY → | ERIE County County | 282,265 | 1.71% | $605,000 | $4,350/mo | $2,500/door |
| Rochester, NY → | MONROE County County | 229,290 | 1.71% | $605,000 | $4,350/mo | $2,500/door |
| Yonkers, NY → | WESTCHESTER County County | 217,745 | 1.71% | $640,000 | $4,550/mo | $2,625/door |
| Syracuse, NY → | ONONDAGA County County | 157,689 | 1.64% | $555,000 | $4,050/mo | $2,350/door |
| Albany, NY → | ALBANY County County | 107,282 | 1.64% | $490,000 | $3,600/mo | $2,075/door |
| New Rochelle, NY → | WESTCHESTER County County | 86,596 | 1.57% | $480,000 | $3,550/mo | $2,025/door |
| Mount Vernon, NY → | WESTCHESTER County County | 74,364 | 1.64% | $490,000 | $3,600/mo | $2,075/door |
| Schenectady, NY → | SCHENECTADY County County | 71,833 | 1.77% | $550,000 | $3,950/mo | $2,275/door |
| Utica, NY → | ONEIDA County County | 67,371 | 1.67% | $560,000 | $4,000/mo | $2,325/door |
| White Plains, NY → | WESTCHESTER County County | 63,074 | 1.64% | $490,000 | $3,600/mo | $2,075/door |
| Hempstead, NY → | NASSAU County County | 60,343 | 1.71% | $565,000 | $4,050/mo | $2,350/door |
| Troy, NY → | RENSSELAER County County | 54,472 | 1.51% | $500,000 | $3,650/mo | $2,100/door |
| Niagara Falls, NY → | NIAGARA County County | 53,920 | 1.71% | $535,000 | $3,850/mo | $2,225/door |
| Binghamton, NY → | BROOME County County | 50,624 | 1.64% | $525,000 | $3,800/mo | $2,200/door |