Case Study: DSCR Loan in Oneida, NY
Most DSCR lenders stop at a $100K minimum. Ridge Street Capital financed an Oneida, NY duplex at $64K with 1.39 DSCR and no income docs.
nmin readReleased on:August 27, 2026Last updated on:August 27, 2026
About the Deal
A borrower in Oneida, New York identified a 2-unit property listed at $80,000 and appraised at $180,000. The purchase price was 44 cents on the appraised dollar.
The borrower’s goal was to acquire a cash-flowing duplex in an affordable upstate market using a DSCR loan that qualified on the property’s rental income rather than personal earnings.
Most DSCR lenders set minimum loan amounts near $100,000, which can make smaller rental deals difficult to finance before the file is even reviewed. Ridge Street Capital evaluated the deal through its small-balance DSCR program and financed the purchase through its New York DSCR rental property program.
What Made It Special
The loan amount was below most DSCR program minimums. The $64,000 loan amount was below the floor many DSCR lenders will consider. Small-balance files are often declined for operational reasons, not because the collateral or cash flow is weak. Ridge Street Capital reviewed the deal through its DSCR loans under $100K program. The collateral was strong, the rent supported the payment, and the file qualified cleanly.
The borrower acquired the property far below appraised value. The property appraised at $180,000 and was purchased for $80,000. Ridge Street Capital financed 80% of the purchase price, which produced an effective loan-to-value of 35.6% against the appraised value. The investor held more than $116,000 in equity at closing before making any improvements.
The property qualified on rental income, not personal income. Monthly gross rent was $1,007, and full PITIA was $726 per month. That produced a 1.39 DSCR, clearing the DSCR loan requirements with room to spare. No W-2s, tax returns, or employment history were needed to qualify the file.
The Result
Ridge Street Capital financed a cash-flowing 2-unit property in upstate New York with a strong equity position, a 1.39 DSCR, and a loan amount below the minimum many DSCR lenders will consider.
- Loan amount: $64,000
- Loan type: 30-year fixed-rate DSCR loan
- Rate: 7.99%
- LTV: 80% of purchase price, 35.6% of appraised value
- DSCR: 1.39
- Closed: 26 days
More About Ridge Street Capital
Ridge Street Capital provides fix-and-flip loans, DSCR rental loans, and ground-up construction financing to real estate investors across 36 states. Every deal is reviewed by a team focused exclusively on investment properties, so the underwriting questions are tied to what makes the project work.
Zach Cohen is the Managing Partner of Ridge Street Capital, a direct private lender providing hard money and DSCR loans to real estate investors across 35 states. Under his leadership, the firm has funded nearly $100 million in investment property loans. He regularly works with real estate investors on rental property acquisitions, refinances, and fix-and-flip projects across the country.
Fix and Flip Loans
Funding For Purchase + Rehab
- $50,000 up to $3,000,000
- Interest Rate 10.5%-11.5%
- Origination Fee From 1.5%
- Up to 90% of Purchase and 100% of Rehab
DSCR Loans For Long Term Rentals
Perfect for first-time investors or experienced investors scaling their rental portfolio.
- Up to $2,000,000
- Interest Rates from 6.0%
- Origination Fee From 0%
- Up to 80% of LTV
DSCR Loans For Short Term Rentals
Designed for investors pursuing higher rents with a short term rental strategy.
- Up to $2,000,000
- Interest Rates from 6.25%
- Origination Fee From 0%
- Up to 80% LTV
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