Storage DSCR & Loan-Sizing Calculator
Lenders size storage loans off NOI and a target debt service coverage ratio. Size the largest loan your NOI supports at a target DSCR, or check the DSCR, debt yield, and post-debt cash flow on a loan you're weighing. Need the NOI first? Run the NOI calculator. The math runs in your browser.
What do you want to do?
Size the biggest loan your NOI supports, or stress-test a specific loan amount.
The income
The loan terms
A fully-amortizing fixed-rate loan. Storage commonly amortizes over 25–30 years.
Purchase price / value (optional)
Add the price or appraised value to see loan-to-value alongside coverage.
Enter NOI and a target DSCR
Monthly payment
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Annual debt service
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DSCR
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Cash flow after debt
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The loan you can carry is a function of NOI. Filling units and holding rate raises NOI, which raises the loan your facility supports.
The math
How storage lenders think about DSCR
What is DSCR?
The debt service coverage ratio is your annual NOI divided by your annual debt service (principal + interest). A 1.25x DSCR means the property throws off $1.25 of NOI for every $1.00 of loan payment. It's the first number a storage lender looks at.
What DSCR do lenders require?
Most self-storage lenders size loans to a 1.20–1.35x DSCR, with 1.25x a common floor. Tighter credit, weaker markets, or lease-up deals push the required ratio higher; stabilized, well-located assets can clear at the low end.
How does DSCR size my loan?
In 'size a loan' mode the tool works backward: it caps annual debt service at NOI ÷ your target DSCR, then solves for the largest fully-amortizing loan whose payment fits that cap at your rate and term. Raise NOI or lower the rate and the supportable loan grows.
What's debt yield, and why do lenders care?
Debt yield is NOI ÷ loan amount. Unlike DSCR and LTV it ignores rate and term, so lenders use it as a rate-proof sanity check on leverage. Storage debt yields commonly need to clear roughly 9–10%.
Does this replace a lender quote?
No. It's a fast underwriting sketch using a single fixed rate and a full amortization. Real terms involve appraised value, recourse, reserves, interest-only periods, and balloon dates. Use it to ballpark, then confirm with your lender or broker.
The loan follows the NOI
Every unit you fill and rate you hold lifts NOI, and the loan your facility can carry rises with it. StorageAds runs the ads that move NOI. Built by an operator, tested on our own facilities first.
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All toolsThis calculator is an estimating tool and does not constitute a loan commitment, appraisal, or financial advice. It uses a single fixed rate and a full amortization; real terms depend on appraised value, recourse, reserves, interest-only periods, and balloon dates. Confirm with your lender or mortgage broker before transacting.