Wyoming DSCR loans underwrite the deal on property cash flow instead of personal income. Across Jackson, Casper, and Cheyenne, sponsors lean on DSCR financing to recycle capital out of stabilized rentals and scale a portfolio.
Wyoming DSCR loan parameters (2026)
| Parameter | Wyoming range |
|---|---|
| Rates | ~7.5%–10.5% (30-yr fixed or ARM) |
| LTV — cash-out | Up to 75% on stabilized rentals |
| DSCR minimum | 1.0–1.25 |
| Loan amounts | $125K–$2M |
| Property types | SFR, 2–4 unit, select condos and small multifamily |
Acquisition and rehab capital: hard money lenders Wyoming and fix and flip loans Wyoming.
How taxes shape Wyoming DSCR
Two tax lines drive Wyoming DSCR math. Wyoming has no state income tax — no state income tax — strong after-tax rental yield. And property tax runs an effective ~0.61% — low effective property tax statewide — about $458/mo on a $900,000 value. Model the tax line at post-close assessed value, not the seller’s bill.
Where DSCR clears: Wyoming metros
| Metro | Typical basis | Rent band | Local diligence |
|---|---|---|---|
| Jackson | $900K–$1.6M | $3,000–$4,500 | resort basis underwritten conservatively; Teton STR rules |
| Casper | $240K–$340K | $1,300–$1,750 | energy-sector cyclicality; conservative comps |
| Cheyenne | $300K–$420K | $1,550–$2,100 | F.E. Warren AFB and state-government demand |
Match the product to the rent roll — basis and rent diverge sharply across these metros.
Foreclosure and landlord law in Wyoming
Foreclosure in Wyoming is non-judicial — power-of-sale foreclosure is available and relatively quick. On the leasing side, no statewide rent control. That landlord-friendly posture supports tighter vacancy assumptions on stabilized DSCR holds.
Insurance and local risk
Underwrite local risk honestly in Wyoming:
- Extreme winter logistics
- Resort-market volatility around Jackson/Teton
Worked example: Jackson BRRRR-to-DSCR
- Acquire + rehab a value-add single-family in Jackson with bridge capital (about $55,000 of scope)
- Stabilize at market rent — roughly $4,500/mo gross on a 12-month lease
- Appraisal at $900,000 post-rehab, supported by sold comps within 90 days
Monthly NOI sketch (Wyoming-realistic):
- Gross $4,500; vacancy 5% (−$225); effective $4,275
- Property tax $458 (~0.61% on $900,000), insurance $238, maintenance $106, management $360
- NOI ~$3,113/mo
That NOI supports cash-out to roughly 50% LTV ($450,000) at a 1.05 DSCR — debt service ~$3,457/mo, DSCR ~0.90. Pushing past 50% needs higher rent or a lower-tax submarket. Lower-basis metros in-state support more leverage.
Documentation Wyoming DSCR lenders expect
- Entity documents — LLC operating agreement and EIN for vesting
- Trailing Wyoming property tax bill plus a stress buffer for reassessment
- Two months of rent-collection proof or a signed lease with first payment
- Insurance declarations at replacement cost
- Executed leases (12-month preferred) with deposit proof
- Rehab scope and draw history if exiting a BRRRR
Select programs allow limited seasoning when the rehab is documented — disclose the bridge payoff on the refi application.
Related Wyoming programs
- Hard money lenders Wyoming — bridge and BRRRR acquisition
- Fix and flip loans Wyoming — resale-focused ARV math
- What kind of loan do you need — product picker
Wyoming DSCR FAQ
What DSCR ratio do Wyoming lenders want?
Most Wyoming DSCR programs clear at 1.0–1.25 depending on LTV, credit, and reserves. With ~0.61% effective property tax in the expense line, the achieved ratio is sensitive to how honestly you model taxes and vacancy.
Can I refinance out of a Wyoming rehab with no seasoning?
Often yes — when the rehab is documented and the property is leased, select programs allow limited or no seasoning. Acquire with Wyoming hard money or fix and flip capital, then exit to DSCR once the rent roll is real.
Does Wyoming have rent control that affects DSCR?
No statewide rent control. Verify the rule for your specific Jackson submarket before underwriting NOI.
Pre-Qualify for Wyoming DSCR · (833) 264-7776
Rates, terms and conditions offered only to qualified borrowers and are subject to change at any time without notice. All loans are subject to full underwriting. Jaken Finance Group only finances non-owner occupied investment properties.