Ste. Genevieve DSCR Financing: Use $15,405, Not Farmington's Year

A DSCR (debt-service-coverage-ratio) loan packet for a Ste. Genevieve short-term rental should start from this town's own AirROI extract: $15,405 typical annual revenue across 38 listings, a $161 ADR, 30.6 percent occupancy, and a $49 RevPAR, for the August 2025 through July 2026 vintage.

The most common underwriting mistake in this market is substituting Farmington's higher $20,290 figure — a genuinely different town on the same data vintage — to make the debt-service math look more favorable. That substitution doesn't hold up to scrutiny and shouldn't be part of an honest lender packet.

This page also flags a year-over-year decline worth disclosing directly: this market's revenue moved minus 3.2 percent versus the prior period. This is not legal advice.

DSCR Starts on $15,405 — Not a Blend

Build the debt-service coverage calculation on the $15,405 typical-year figure specific to Ste. Genevieve. A lender or underwriter comparing this number against a stronger neighboring town's figure is comparing two different markets, not stress-testing the same one.

Perryville, on the same vintage, posted $17,031 across 39 listings — a third data point worth knowing, but still not a substitute for Ste. Genevieve's own number in a Ste. Genevieve DSCR calculation.

A note that needs a year the extract didn't actually print is a note that shouldn't get written that way. If the math only works with Farmington's number, that's a signal the deal doesn't work on this property's actual market.

Two Halls Sit With the Deed

Property tax and permitting obligations follow the town where the deed is filed, not a neighboring market with better revenue numbers. Confirm the correct permitting jurisdiction directly with the town before closing.

A packet that hides a revenue decline and shows only the current $15,405 figure as if the market were rising is presenting an incomplete picture — the honest version discloses the minus 3.2 percent year-over-year change directly.

Visitor Spending Is Not Debt Service, and a 30-Night Setting Isn't a Filled January

County or regional tourism-spending figures are a different measurement entirely from the DSCR-relevant revenue figure. Don't let a tourism headline inflate a lender's read on what a specific listing will actually generate.

A 30-plus-night minimum-stay setting on some listings in this market is a configuration choice, not proof that January — the market's slow month — is actually booked. Don't treat that setting as revenue evidence in the underwriting file.

What a lender packet should carry: this town's $15,405 typical year, the 38-listing sample size, the ADR/occupancy/RevPAR breakdown, the year-over-year change, and the average 2.9-night stay length — all clearly dated to the same vintage.

Related Reading

More Ste. Genevieve, Missouri reading already live on Crest & Cove.

• Ste. Genevieve STR Report 2026: $15,405 on 38 listings

• Market a Ste. Genevieve Stay: NPS Town, Not St. Louis

• Ste. Genevieve STR Rules: Heritage CoA, No guessed Cap

• Ste. Genevieve Shoulder: October Peak, January Hole

• Ste. Genevieve Remote Stays: Five listings Set 30-Plus

• DIY vs Hire in Ste. Genevieve: Evolve Is One Listing

• Who Books a Ste. Genevieve Rental: Park, Weekend Drive

• Buying a Ste. Genevieve Rental: $15,405, Census 4,999

• Ste. Genevieve Tourism Data: The Park Is Not Occupancy

• Complete Visitor's Guide to Ste. Genevieve, Missouri

• What It Costs to Start a Legal Ste. Genevieve MO STR

• Ste. Genevieve City Desk and County STR city desk registrations

• Jour de Fete vs October Peak: Festival Is Not Extract

Frequently Asked Questions

What revenue figure should a Ste. Genevieve DSCR loan be underwritten on?

$15,405 typical annual revenue, per the AirROI extract for the August 2025–July 2026 vintage, across 38 listings.

Can I use Farmington's revenue figure to strengthen the DSCR calculation?

No. Farmington's $20,290 typical year is a different town's figure on the same vintage. Substituting it to improve debt-service math misrepresents the actual property's market.

What is the year-over-year change in this market?

Minus 3.2 percent versus the prior period. An honest lender packet should disclose this decline rather than showing only the current figure.

What is the ADR and occupancy for this market?

A $161 ADR and 30.6 percent occupancy, with a $49 RevPAR.

Does a county tourism-spending figure belong in a DSCR calculation?

No. Visitor-spending figures measure a different thing than listing-level revenue and shouldn't be substituted into a debt-service coverage calculation.

Does a 30-night minimum-stay setting prove the slow season is booked?

No. That's a listing configuration choice, not evidence of actual occupancy in January or any other slow month.

What should a lender packet include for this market?

The town's own $15,405 typical year, the 38-listing sample size, ADR/occupancy/RevPAR, the year-over-year change, and the 2.9-night average stay — all dated to the same vintage.

Where should property tax and permitting obligations be confirmed?

Directly with the town where the deed is filed — not assumed from a neighboring market's process.

Work with Crest & Cove Creative

The honest DSCR number for a Ste. Genevieve property is $15,405 — not Farmington's stronger year, and not a figure that hides a real 3.2 percent decline.

We help Ste. Genevieve hosts and their lenders build financing packets on the town's own real numbers. Bring your listing to crestcove.co or call (256) 998-7502. Send the live listing draft and the facts you can actually cite.

Reach out at crestcove.co or (256) 998-7502.