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Short-Term Rental · Lewes, DE

Short-Term Rental Financing in Lewes, DE

Estimated 0.76x DSCR on a $700,000 short-term rental with $175,000 down — qualified on the property's income, not your tax returns.

Modeled Purchase Price
$700,000
25% Down
$175,000
Loan Amount
$525,000
Est. Monthly PITIA
$4,747
Creditable STR Income
$3,600/mo
Est. DSCR Ratio
0.76x

Short-Term Rental investing in Lewes

Short-term rental financing in Lewes 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 Lewes median of $700,000, a short-term rental prices near $700,000. Minimum down is 25% ($175,000), leaving a loan of $525,000. Estimated all-in PITIA runs about $4,747 per month.

The Lewes ratio math on this product

Gross nightly revenue in Lewes models to about $5,000/month across a full year. Lenders do not credit that dollar-for-dollar — a 28% haircut for vacancy, cleaning, platform fees and management leaves $3,600 of creditable income. Against a PITIA of $4,747, that is an estimated DSCR ratio of 0.76x. That is below the 1.0 threshold, which is normal at this basis. Financing here works one of three ways — more money down, a no-ratio DSCR product, or qualifying on documented short-term rental revenue.

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 Lewes median for this product: an estimated cap rate of 3.39%, and monthly cash flow of $1,147 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.

Lewes property types compared

Property TypeModeled PriceMin. DownEst. IncomeEst. DSCR
Single-Family Rental$700,00020% ($140,000)$2,325/mo0.47x
2–4 Unit Multi-Family$1,106,00025% ($276,500)$4,325/mo0.58x
Condo & Townhome$504,00020% ($100,800)$1,837/mo0.47x
Short-Term Rental (this page)$700,00025% ($175,000)$3,600/mo0.76x

All figures model a purchase at the Lewes median of $700,000 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 Lewes 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.

Lewes Short-Term Rental FAQ

More Lewes investor resources

Lewes investor guide
Full market analysis and loan options
Single-Family Rental in Lewes
0.47x est. DSCR
2–4 Unit Multi-Family in Lewes
0.58x est. DSCR
Condo & Townhome in Lewes
0.47x est. DSCR
Sussex County investor hub
Every market we finance in the county
DSCR loan requirements in Delaware
DSCR payment calculator

Price a short-term rental in Lewes

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 Delaware, and we close in an LLC or your personal name.

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