Loan Scenario:

American Heritage Lending recently funded a $97,600 DSCR purchase loan for an experienced investor acquiring a two-unit property in Cleveland, Ohio. The duplex appraised at $125,000, and with the loan set at 80% loan-to-value on a 30-Year term, the deal posted a standout 2.209 DSCR. Rather than leaning on the borrower’s income documentation, our DSCR program let the rental cash flow from both units do the qualifying, a natural fit for an operator already managing a small portfolio.

The strategy here is classic buy-and-hold. With two rentable units producing income that covers the new debt more than twice over, the property generates real monthly cash flow from day one while the borrower builds equity over the long term. A coverage ratio north of 2.2 leaves plenty of cushion for vacancies, turns, and maintenance, the kind of margin that makes a hold sustainable.

Cleveland has quietly become one of the Midwest’s most dependable cash-flow markets. The Cleveland Clinic and University Hospitals anchor a massive healthcare economy, while Case Western Reserve University, a revitalizing downtown, and a Lake Erie waterfront keep drawing residents and renters. Home prices remain a fraction of the coastal metros, so entry costs stay low and rent-to-price ratios stay strong, precisely what powered this deal’s coverage. Manufacturing, finance, and a passionate sports culture round out a diversified base that keeps demand steady.

Two units, deep coverage, and a market built for yield, this is the Cleveland duplex play working exactly as intended.

Similar Recently Funded Case Studies: DSCR Loan in Cincinnati, OH  •  DSCR Loan in Toledo, OH  •  DSCR Loan in Columbus, OH

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