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Short-Term Rental · Hanover, NH

Short-Term Rental Financing in Hanover, NH

Estimated 0.83x DSCR on a $900,000 short-term rental with $225,000 down — qualified on the property's income, not your tax returns.

Modeled Purchase Price
$900,000
25% Down
$225,000
Loan Amount
$675,000
Est. Monthly PITIA
$6,434
Creditable STR Income
$5,346/mo
Est. DSCR Ratio
0.83x

Short-Term Rental investing in Hanover

Short-term rental financing in Hanover 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 Hanover median of $900,000, a short-term rental prices near $900,000. Minimum down is 25% ($225,000), leaving a loan of $675,000. Estimated all-in PITIA runs about $6,434 per month.

The Hanover ratio math on this product

Gross nightly revenue in Hanover models to about $7,425/month across a full year. Lenders do not credit that dollar-for-dollar — a 28% haircut for vacancy, cleaning, platform fees and management leaves $5,346 of creditable income. Against a PITIA of $6,434, that is an estimated DSCR ratio of 0.83x. 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 rental activity is moderate here and local rules vary by zoning district. 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 Hanover median for this product: an estimated cap rate of 3.92%, and monthly cash flow of $1,088 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.

Hanover property types compared

Property TypeModeled PriceMin. DownEst. IncomeEst. DSCR
Single-Family Rental$900,00020% ($180,000)$4,950/mo0.73x
2–4 Unit Multi-Family$1,422,00025% ($355,500)$9,207/mo0.91x
Condo & Townhome$648,00020% ($129,600)$3,911/mo0.73x
Short-Term Rental (this page)$900,00025% ($225,000)$5,346/mo0.83x

All figures model a purchase at the Hanover median of $900,000 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 Hanover 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.

Hanover Short-Term Rental FAQ

More Hanover investor resources

Hanover investor guide
Full market analysis and loan options
Single-Family Rental in Hanover
0.73x est. DSCR
2–4 Unit Multi-Family in Hanover
0.91x est. DSCR
Condo & Townhome in Hanover
0.73x est. DSCR
Grafton County investor hub
Every market we finance in the county
DSCR loan requirements in New Hampshire
DSCR payment calculator

Price a short-term rental in Hanover

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