DSCR Loans in Florida
3 lenders, 0.89% property tax, $1,900/mo median rent. Landlord-friendly state.
Market Snapshot
Estimated DSCR assumes median price, median rent, 75% LTV, 30-year fixed at 7.45%, property tax and insurance only. Your deal will differ.
The Florida Rental Market
Jacksonville remains the value play with sub-$300K entry points. Tampa and Orlando have appreciated heavily. Insurance is the wildcard: premiums doubled in some counties since 2022.
Top markets in Florida
- Jacksonville
- Tampa
- Orlando
- Fort Lauderdale
- Cape Coral
How Florida Costs Affect Your DSCR
Two line items determine whether a Florida rental hits DSCR thresholds: property tax and insurance. Together they represent the bulk of operating expenses in a DSCR calculation (which excludes management fees and capital expenditures).
Property tax: 0.89%
Florida's property tax rate is near the national average. On a $385,000 property, expect about $286/month in property taxes.
Insurance: $3,200/year
Insurance is a major cost factor in Florida. At $3,200/year ($267/month), it adds up. Coastal properties and areas prone to severe weather can run significantly higher. Always get a real insurance quote before underwriting a deal.
Combined impact
On a median-priced Florida property, property tax plus insurance runs approximately $552/month. Subtract that from the $1,900 median rent, and your NOI is roughly $1,348/month before the mortgage payment. Run your own numbers in the DSCR calculator to see exactly where your deal lands.
DSCR Lenders in Florida
3 lenders in our database cover Florida. All major lenders cover Florida. Insurance costs are the biggest variable in DSCR calculations. Get a real insurance quote before underwriting, estimates will mislead you.
| Lender | Min DSCR | Min FICO | Max LTV | STR |
|---|---|---|---|---|
| Visio Lending | 1.00 | 680 | 80% | Yes |
| Griffin Funding | 0.75 | 660 | 80% | Yes |
| Truss Financial Group | N/A | N/A | 75% | N/A |
See the full lender comparison matrix for all columns, or use the DSCR qualifier to find which lenders match your specific deal.
Landlord-Tenant Climate
Florida is generally considered a landlord-friendly state. Strong landlord protections, fast eviction process (15-day notice for nonpayment), no rent control, homestead exemption applies to primary residence only.
Landlord-friendliness matters for DSCR investors because extended vacancies and eviction costs eat into the rental income that your DSCR depends on. A state where evictions take 3 months versus 3 weeks changes the effective vacancy factor in your underwriting.
Example Deal: Median Florida Property
To show how these numbers interact, here is a simplified underwrite of a median-priced Florida rental at current rates:
| Purchase price | $385,000 |
| Loan amount (75% LTV) | $288,750 |
| Rate (30yr fixed) | 7.45% |
| Monthly payment (P&I) | $2,009 |
| Monthly rent | $1,900 |
| Property tax | $286/mo |
| Insurance | $267/mo |
| NOI (rent minus tax and insurance) | $1,348/mo |
| DSCR | 0.67 |
The median deal falls short of the 1.0 DSCR minimum. You need to find properties with significantly above-median rents or below-median prices to make DSCR financing work in this market. Plug your actual numbers into the DSCR calculator.
Tools for Florida Investors
- DSCR Calculator - Check if your Florida rental qualifies
- Cash-Out Refi Calculator - Model a refinance on an existing Florida property
- DSCR Qualifier - Match your deal against lenders in Florida
- Lender Matrix - Compare all lenders side by side
- Rate Monitor - Track current DSCR rates weekly
- Rental Property Analyzer - Full deal analysis with NOI, cash flow, and ROI
FAQ
Can I get a DSCR loan in Florida?
Yes. 3 of the major DSCR lenders in our database operate in Florida. DSCR loans are available in all 50 states, though some lenders exclude specific states. Florida is one of the more active DSCR markets.
What DSCR do I need for a rental property in Florida?
Most lenders require a minimum DSCR of 1.0 to 1.25. Florida's low property tax rate (0.89%) helps your DSCR compared to the national average. On a median-priced Florida property, the estimated DSCR is around 0.67 at current rates.
What are property taxes in Florida?
The average effective property tax rate in Florida is 0.89%. On a $385,000 property, that is roughly $3,427/year or $286/month. This directly reduces your NOI and DSCR.
How much is rental property insurance in Florida?
The average annual insurance premium for a rental property in Florida is approximately $3,200. This is above the national average, which significantly impacts your DSCR calculation. Get a real quote before underwriting.
Is Florida a good state for rental property investing?
Florida is generally considered landlord-friendly. Strong landlord protections, fast eviction process (15-day notice for nonpayment), no rent control, homestead exemption applies to primary residence only. The best markets in Florida for DSCR investors are Jacksonville, Tampa, Orlando.
Which DSCR lenders work in Florida?
Our database shows 3 DSCR lenders operating in Florida. Most national lenders cover Florida. Check our lender comparison matrix for specific lender requirements and filter by state.
What is the median rent in Florida?
The median rent for a single-family rental in Florida is approximately $1,900/month. Actual rents vary widely by market: Jacksonville may be higher or lower than Cape Coral. Always use actual rental comps for your specific property and neighborhood.