(a) market price appreciates at a compounding rate AND so does (b) rents appreciate at a compounding rate.   

The most reliable way is look at other STR's in the area and see what their nightly rates look like over the year and look at their occupancy rates. 

as helocs go for around 10% and the new rate could be 7% on the cashout refi.

I've recieved many quotes and preapprovals and they came back with the most competitive rate and terms for what we are looking to do.

Everything's too expensive, interest rates are too high, numbers don't work, etc.  

Mortgage Balance: $430,000 Monthly Mortgage Payment: $3,100 Current Rent: $4,100/month (below market rate, planning to gradually adjust it during yearly renewal to eventually catch up to the market rate) Appraised Value: $900,000 (purchased for $657,000 8 yrs ago) Managed by a property manager Loan assumableProperty B: Located in VA.

The reason is that for most programs anyway the 60% loan to value will give you the best rate and best cost available and of course you should still be able to have a healthy cash flow at that loan loan to value.

If you refinance now, you may be limited to a rate and term or delayed purchase (depending on the lender) or pay higher points/fees/higher rate using a DSCR loan without a cash out seasoning requirement.

I would never advise my customer to take a 5 YPPP considering we are have been moving into a downward trending rate market since 2024. 3 Year Prepay Max but if you plan on doing renovations or taking cash out on the ARV then a 1-2 YPPP would be Max.I would also advise buying the rate down before you decide to take a 5 YPPP using seller credit, equity or closing funds.

A conventional mortgage with 20% down at 4.5% rate.