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Short-Term Rental · French Lick, IN

Short-Term Rental Financing in French Lick, IN

Estimated 0.93x DSCR on a $220,000 short-term rental with $55,000 down — qualified on the property's income, not your tax returns.

Modeled Purchase Price
$220,000
25% Down
$55,000
Loan Amount
$165,000
Est. Monthly PITIA
$1,581
Creditable STR Income
$1,476/mo
Est. DSCR Ratio
0.93x

Short-Term Rental investing in French Lick

Short-term rental financing in French Lick is a different underwriting product than a long-term DSCR loan even though it carries the same name. The lender is crediting nightly revenue instead of a signed lease, which means the documentation, the reserve requirement, and the permit diligence all change.

At the French Lick median of $220,000, a short-term rental prices near $220,000. Minimum down is 25% ($55,000), leaving a loan of $165,000. Estimated all-in PITIA runs about $1,581 per month.

The French Lick ratio math on this product

Gross nightly revenue in French Lick models to about $2,050/month across a full year. Lenders do not credit that dollar-for-dollar — a 28% haircut for vacancy, cleaning, platform fees and management leaves $1,476 of creditable income. Against a PITIA of $1,581, that is an estimated DSCR ratio of 0.93x. That lands just under 1.0. It does not kill the deal in French Lick: moving to a larger down payment ($66,000) usually closes the gap, and several shelves fund down to 0.75x with a rate add-on.

Underwriting notes specific to STR files: plan on 25% down as the floor, six months of PITIA in reserves, and either twelve months of Airbnb/VRBO earnings statements on the subject property or a third-party market revenue study for a property with no operating history. Short-term rentals are active in this market; licensing and zoning are set locally and we verify the specific address before quoting. Verify the permit status of the exact address before you go hard on earnest money — an unpermitted STR is an unfinanceable STR on this product.

Returns and structure

Return metrics at the French Lick median for this product: an estimated cap rate of 4.43%, and monthly cash flow of $105 negative at 25% down. Negative cash flow at the minimum down payment is common in appreciation-led markets; investors close the gap with a larger down payment, a purchase below median, an added unit, or a rate buydown.

French Lick property types compared

Property TypeModeled PriceMin. DownEst. IncomeEst. DSCR
Single-Family Rental$220,00020% ($44,000)$950/mo0.57x
2–4 Unit Multi-Family$347,60025% ($86,900)$1,767/mo0.71x
Condo & Townhome$158,40020% ($31,680)$751/mo0.52x
Short-Term Rental (this page)$220,00025% ($55,000)$1,476/mo0.93x

All figures model a purchase at the French Lick median of $220,000 with the property-type adjustments described above, at an illustrative 7.50% DSCR rate on a 30-year fixed. Short-term rental income is shown after the standard lender haircut.

Figures on this page are modeled estimates derived from the French Lick median price and market rent, adjusted for short-term rental product characteristics. They are illustrative, not a loan offer or an appraisal. Actual pricing, rent, taxes, insurance, HOA dues and DSCR depend on the specific property and on conditions at the time of application.

French Lick Short-Term Rental FAQ

More French Lick investor resources

French Lick investor guide
Full market analysis and loan options
Single-Family Rental in French Lick
0.57x est. DSCR
2–4 Unit Multi-Family in French Lick
0.71x est. DSCR
Condo & Townhome in French Lick
0.52x est. DSCR
Orange County investor hub
Every market we finance in the county
DSCR loan requirements in Indiana
DSCR payment calculator

Price a short-term rental in French Lick

Send us the address and we'll model the real DSCR ratio, PITIA and cash flow on that specific property — usually the same day. Licensed in Indiana, and we close in an LLC or your personal name.

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