Required NOI · DSCR Inverse

What NOI do I need to hit the DCR?

Instead of sizing the loan from NOI, work backward: for a target loan amount, rate and amortization, what stabilized NOI (and rent roll) does the deal need to clear the DCR bar?

35.0%
20%60%
Required NOI at 1.20x DCR
$718,373
Annual debt service: $598,644 · 1.20x × ADS
Required EGI (revenue floor)
$1,105,190
With opex at 35.0% of EGI
Required monthly EGI
$92,099
Required per-unit rent (avg)
$1,535
Assumes 60 units with uniform rent and no vacancy loss in the simple per-unit calc.
TierDCRRequired NOIRequired EGI
MLI Select1.10x$658,509$1,013,091
MLI Standard (≥10 yr term)1.20x$718,373$1,105,190
MLI Standard (<10 yr term)1.30x$778,238$1,197,289
Using 35.0% opex ratio to back EGI out of NOI. Higher opex ratios push the required rent roll higher.