Is rental income counted toward DTI?

[Mel Adams]

Hi all - I'm looking to purchase my first investment property using a conventional loan. My current DTI is <40% and I have excellent credit so I don't foresee any issues qualifying (someone please tell me if I'm wrong on that, lol). However, looking ahead, I plan to BRRRR the property and refinance after 6 months. With the new property's PITI added to my debt, I'd be hovering really closely to 50% DTI and may exceed it depending on exact numbers.

So, can rental income from the property I'd be refinancing be counted towards my gross monthly income to offset the PITI? I've read lenders will let you apply 75% of your gross rent, and add (hopefully) the difference to your monthly income?

I've spent the last hour reading different posts and articles, but saw some contradicting answers so I thought I'd ask myself. Hopefully this is in the right forum. Thanks for your time!