The ratio that ignores the rate
Debt yield is NOI ÷ loan amount. Because it doesn't care about interest rate or amortization, it isolates the income cushion behind a loan — which is why commercial and multifamily lenders watch it. Includes a reverse calc for max loan at a target.
Your debt yield appears here.
Enter NOI and a loan amount, then calculate.
Why lenders like it
DSCR moves when rates move; a low-rate environment can flatter a marginal deal. Debt yield strips that away — it asks, purely, how much annual income stands behind each dollar lent. A 10% debt yield means the loan is 10× the property's NOI. Many commercial lenders look for roughly 8–10% or higher, though floors vary.
Pair it with
Get your NOI from the Rental Cash-Flow or 5–10 Unit tools, then bring it here.
How is this different from DSCR?
DSCR compares NOI to the actual loan payment (so it depends on rate and term). Debt yield compares NOI to the loan balance itself, ignoring rate and amortization.