Financing a Wellfleet Rental: DSCR on This Year Only

Jacob Mishalanie
Aug 21
7 min read

Updated: 18 hours ago

Empty gray-shingle Wellfleet cottage exterior, no people

DSCR on this Wellfleet extract starts at $31,996 on 246 listings. Do not mint a Vinalhaven year for the note. Keep Vinalhaven at $15,718 on 43 listings on its own line. That is a different town. Year over year is minus 11.5 percent. Visitor spend is not debt service. What a lender packet should carry is this year, this hall, this sample size, a vacancy haircut that names February, and a refusal to mix Vinalhaven into the note.

Typical listings earned about $31,996 last year from 246 active rentals, AirROI trailing twelve months from August 2025 through July 2026. The average night was $434. Occupancy was 39.6 percent. Revenue per available night was $192. Year over year is minus 11.5 percent. Active supply moved 0.0 percent. The three strongest months are August, July, and June. 155 listings, 63.0 percent, set a 30-night minimum.

The three strongest months are August, July, and June. August is the busiest. February is the slowest, with occupancy weakest that month. Most guests arrive from Boston, then New York. Typical stay is 5.3 nights, booked about 95 days ahead, across the 246-listing sample behind these figures. Typical listings earned about $31,996 last year from 246 active rentals, AirROI trailing twelve months from August 2025 through July 2026.

DSCR Starts on $31,996

DSCR starts on $31,996. Typical listings earned about $31,996 last year from 246 active rentals, AirROI trailing twelve months from August 2025 through July 2026. The average night was $434. Occupancy was 39.6 percent. Revenue per available night was $192. Year over year is minus 11.5 percent. Supply moved 0.0 percent. Those figures are the underwriting year. This page does not invent a purchase price or a coverage ratio.

File $31,996 on 246 listings, August 2025 through July 2026 as this town's host year. Year over year is minus 11. Do not mint Vinalhaven at $15,718 on 43 listings as this note. Read more in Wellfleet vs Vinalhaven Desks and Wellfleet vs Vinalhaven.

Do not put the other town's revenue on this loan

Do not mint a Vinalhaven year for the note. Vinalhaven published $15,718 on 43 listings. A lender who wants the other town's rent roll is asking you to mix towns. Refuse. Refuse a Vinalhaven rent roll. Keep Vinalhaven at $15,718 on 43 listings on its own line. DSCR on this Wellfleet extract starts at $31,996 on 246 listings.

Keep Vinalhaven at $15,718 on 43 listings on its own line. File $31,996 on 246 listings, August 2025 through July 2026 as this town's host year. Two halls and two years do not share a listing tile. Read more in Wellfleet vs Vinalhaven and Wellfleet STR Report 2026.

Two towns mean two deeds and two permit files

The hall sits with the deed. Wellfleet Town Hall is at 300 Main Street, Wellfleet, MA 02667, phone, open Monday through Friday 8 to 4. A short-term rental registration portal exists on the town's newsflash page, but a dedicated permit fee was not confirmed on a primary town page this pass, Leave out unverified one. Confirm current requirements and your parcel's status with Town Hall before you advertise a new listing.

Year-over-year change on this sample

Year over year is minus 11.5 percent. That is one year on a 246-listing sample. Supply moved 0.0 percent. Do not turn the year into a corridor story. Watch the sample. February is still the slowest month. February is the slowest, with occupancy weakest that month. Active supply moved 0.0 percent. Write the house that exists into the packet.

Visitor spending is not the same as debt service

Visitor spend is not debt service. Cahoon Hollow Beach, Marconi Beach, Wellfleet Harbor, and Cape Cod National Seashore are why guests drive. They are not PITI. They are not insurance. File tourism as demand. File $31,996 as the year. Year over year is minus 11.5 percent.

A named walk and visitor traffic are demand, not that file. File $31,996 on 246 listings, August 2025 through July 2026 as this town's host year. Read more in Wellfleet STR Rules and Wellfleet Shoulder.

155 30-Plus Settings Are Not Filled February

155 30-plus settings are not filled February. 155 listings, 63.0 percent, set a 30-night minimum. Stay on this market sample is still 5.3 nights. Lead is 95 days. Typical stay is 5.3 nights, booked about 95 days ahead, across the 246-listing sample behind these figures. A 30-night setting is not filled February. Stay is 5.3 nights on this sample.

The three strongest months are August, July, and June. August is the busiest on this market sample. February is the hole. Price it as the hole. Stay is 5.3 nights, booked about 95 days ahead. That window is not occupancy. Read more in Wellfleet Shoulder and Wellfleet Remote Stays.

Average stay length on this sample

Stay is 5.3 nights on this sample. Professionally managed share is 27.6 percent. Del Mar Vacations holds 44 listings. Superhost share is 56.9 percent. Write the house that exists into the packet. That is one year on a 246-listing sample. Stay on this market sample is still 5.3 nights. A short-term rental registration portal exists on the town's newsflash page, but a dedicated permit fee was not confirmed on a primary town page this pass, Leave out unverified one.

File $31,996 on 246 listings, August 2025 through July 2026 as this town's host year. Keep Vinalhaven at $15,718 on 43 listings on its own line. Read more in Wellfleet Remote Stays and DIY vs Hire in Wellfleet.

What a Lender Packet Should Carry

What a lender packet should carry is this year, this hall, this sample size, a vacancy haircut that names February, and a refusal to mix Vinalhaven into the note. Leave out unverified a later coastal year. Do not mint a Vinalhaven year for the note. This page does not invent a purchase price or a coverage ratio.

File $31,996 on 246 listings, August 2025 through July 2026 as this town's host year. Year over year is minus 11. Do not mint Vinalhaven at $15,718 on 43 listings as this note. Read more in DIY vs Hire in Wellfleet and Who Books a Wellfleet Rental.

DSCR starts on $31,996. Visitor spend is not debt service. A 30-night setting is not filled February. Refuse a Vinalhaven rent roll. Read Wellfleet STR Report 2026 and Market a Wellfleet Stay before you mix the towns. A lender who wants the other town's rent roll is asking you to mix towns. 155 30-plus settings are not filled February.

Frequently Asked Questions

What underwriting figures does this Wellfleet DSCR analysis use?

DSCR starts on $31,996 in gross annual revenue. Typical listings earned about $31,996 last year from 246 active rentals, per AirROI's trailing twelve months from August 2025 through July 2026. Average nightly rate was $434, occupancy was 39.6 percent, and revenue per available night was $192. Year over year is down 11.5 percent, with active supply flat at 0.0 percent change.

Why shouldn't a lender use Vinalhaven's numbers for a Wellfleet loan?

Vinalhaven is a different market that published $15,718 in typical annual revenue across 43 listings, roughly half of Wellfleet's $31,996. A lender asking to blend the two towns' rent rolls is asking you to mix markets that don't belong on the same note. Keep the two years on separate lines and push back if a packet tries to combine them.

Who do I contact to confirm Wellfleet's short-term rental permit requirements?

Wellfleet Town Hall, at 300 Main Street, Wellfleet, MA 02667, open Monday through Friday 8 to 4, is the primary contact. A registration portal exists on the town's newsflash page, but a specific permit fee wasn't confirmed on a primary town page as of this pass -- confirm current requirements and your parcel's status directly with Town Hall before you advertise.

How reliable is a single year-over-year swing for underwriting purposes?

The minus-11.5-percent year-over-year figure reflects one year on a 246-listing sample, with active supply essentially flat. Treat it as a data point to watch rather than proof of a multi-year trend, and revisit it against the next AirROI pull before locking in assumptions.

Does Wellfleet's tourism activity count as income for a DSCR loan?

No. Cahoon Hollow Beach, Marconi Beach, Wellfleet Harbor, and Cape Cod National Seashore drive visitor demand, but they don't appear on a mortgage worksheet. Visitor spending is not PITI and it is not insurance -- file the $31,996 revenue figure as the year's income, and file tourism draw separately as the reason guests book.

How does the 30-night minimum some listings use affect February occupancy?

155 of the 246 listings in this sample, about 63 percent, set a 30-night minimum, which locks them out of shorter February bookings entirely. Typical stay across the full sample is still 5.3 nights with roughly 95 days of lead time, so the 30-night group is the exception, not the norm, and part of why February runs slow.

What do average stay length and host mix look like in this market?

Stay length averages 5.3 nights per booking. Superhost share sits at 56.9 percent and professionally managed listings make up 27.6 percent of the sample, with Del Mar Vacations the largest single manager at 44 listings. Independent hosts still run most of the remaining inventory.

What should a lender packet for a Wellfleet DSCR loan actually include?

A complete packet should show this year's figures, Town Hall's contact information, the actual sample size (246 listings), a vacancy assumption that accounts for February's slow season, and an explicit refusal to blend in Vinalhaven's rent roll. Don't substitute a projected future coastal boom year for the trailing-twelve-month data you actually have.

Work with Crest & Cove Creative

A Wellfleet listing that borrows Vinalhaven's much smaller $15,718 market story misreads a Cape Cod town that actually earns $31,996 across 246 listings, mostly booked by Boston and New York guests. That mismatch shows up in pricing and demand.

We help Wellfleet hosts write listing copy and a calendar built around the town's real August-July-June peak and typical 5.3-night stay, not a distant island's numbers. Speaking to the actual guest base is what keeps inquiries turning into confirmed bookings.

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