| Purpose | Investment rental property review |
| Local focus | Reassessment records and the right tax year |
| Availability | Varies by state, property, lender and program |
A debt service coverage ratio (DSCR) loan uses rental income to evaluate an investment property under the selected lender's rules. For rental property in Delaware, this guide focuses on reassessment records and the right tax year. Start with the local records below before relying on a projected loan payment.
Reassessment records and the right tax year
Delaware's county-assessment statutes establish a reassessment framework. A rental buyer should reconcile the current assessment, the tax year and the charges shown in the county account before using older listing data. Verify the parcel directly, because an old value and a newly adopted rate can create a misleading estimate when combined.
State reference: Delaware Code: county assessment and reassessment.
Documents and questions for this property review
Gather the county assessment notice, actual bill and the seller's quoted tax figure. Identify the tax year attached to each and ask the county to explain any mismatch. Compare complete obligations for the same parcel and period before deciding that a revised assessed value has improved or weakened the rental.
A property review example
Hypothetical planning example, not a completed transaction. A Wilmington investor reviews a rental with a tax amount copied from a prior marketing package. Request the current county account and confirm whether the estimate includes every applicable local bill. Compare the same lease income against both the documented current expense and a conservative forward budget before deciding on loan size.
Can I combine an old assessed value with a current rate?
Only if the taxing authority confirms those inputs belong together. Match the valuation basis and rate to the same applicable tax period.
Connect local costs to the DSCR calculation
Many residential rental programs divide qualifying monthly rent by the full housing payment, including principal, interest, taxes, insurance and applicable association dues. Confirm the selected program's formula and accepted rent evidence. Keep vacancy, management, maintenance and capital work in a separate operating budget: meeting a lender's ratio does not establish profitability. Use the DSCR Program Calculator and read the full DSCR qualification guide for the broader framework.
Request a property scenario review
Stonehaven Lending is a mortgage brokerage arranging business-purpose DSCR financing nationwide, with availability varying by state, property, lender and program. Request a DSCR review with the property location, legal unit count, intended use, purchase or refinance goal and available rent and expense records.