How much cash can you pull out of your rental?
Enter one property. See the cash-out, the new payment, and whether the rent passes a DSCR lender.
Cash you could take out
An estimate to plan with, not a loan offer. Lenders set their own limits, rates and fees.
That’s one property, on one day.
Hundred Doors runs this on every property you own, every month, as balances pay down and values change, and tells you when one is ready to refinance. Your lender schedule and your next deal come with it.
Free until launch. No card needed.
How a cash-out refinance works
How much cash can I take out of a rental property?
A lender gives you a new loan based on what the property appraises for, usually up to 70–75% of the value on an investment property. That new loan pays off your current one and the closing costs, and you keep what’s left. If the property is worth $300,000 and the lender allows 75%, the new loan can be up to $225,000.
What is DSCR, and why does it limit my loan?
DSCR (debt service coverage ratio) is the monthly rent divided by the full monthly payment, including taxes, insurance and HOA. A DSCR of 1.0 means the rent exactly covers the payment. DSCR lenders qualify the property instead of your income, so if the rent can’t cover a bigger loan at their minimum, they lend less, even when you have the equity.
How long do I need to own the property first?
Many lenders want you to have owned it for 6 to 12 months before they’ll lend on the new appraised value. This is called seasoning, and it varies by lender. Before that, some will only lend against what you paid plus documented rehab costs.
Is a higher cash-out always better?
Not always. A bigger loan means a bigger payment and less cash flow, and a higher rate than your current loan can cost more over time. Look at the new payment and the DSCR next to the cash-out before you decide.