STR DSCR investor profile of Finger Lakes
Finger Lakes, NY is a high short-term rental DSCR market. Property type: Lake / wine. Median home value approximately $295K. Average nightly rate: $245.
Occupancy rate in Finger Lakes averages approximately 42%, which combined with the nightly rate produces gross annual revenue per property of approximately $38K.
Finger Lakes NY wine country STR. STR regulatory environment in Finger Lakes: lenient.
STR financing for Finger Lakes
STR-specific DSCR loans underwrite based on projected nightly revenue and occupancy rather than long-term lease income. Specialty lenders that fund STR DSCR include Easy Street Capital, Visio Lending, and several private money operators.
For a Finger Lakes property at the median value of $295K generating $245 per night at 42% occupancy, gross annual revenue runs approximately $38K.
Finger Lakes STR FAQ
Yes. STR-specific DSCR loans available through specialty lenders (Easy Street Capital, Visio Lending, others). Lenders underwrite based on projected nightly revenue and occupancy rather than long-term lease income.
Finger Lakes averages approximately 42% occupancy. Lenders typically underwrite with conservative occupancy assumptions (lower than peak) and require AirDNA or similar data.
Average nightly rates in Finger Lakes run approximately $245. Premium units (size, location, amenities) command meaningfully higher rates.
Finger Lakes STR regulatory environment is lenient. Generally STR-friendly with standard registration requirements.
STR gross revenue per property in Finger Lakes averages approximately $38K annually. Operating costs (cleaning, supplies, management, utilities, maintenance) typically consume 30-50% of gross — netting roughly 50-70% to operating income.
Easy Street Capital, Visio Lending, and several private money operators underwrite STR-specific DSCR using projected revenue. Some lenders require 12+ months of operating history; others will fund pre-operating projections.
Yes. Lendai Finance and similar specialty lenders fund foreign-national STR acquisitions. Down payments typically 30-50%.
Finger Lakes primarily lake / wine property. Optimal STR property selection depends on guest demographics, amenity expectations, and local zoning.
STR regulations vary by city and change frequently. Verify current local rules before acquisition. STR revenue projections are directional — actual results vary.