Loan Scenario:

American Heritage Lending funded a $131,250 DSCR cash-out refinance on a single-family detached home in Roseville, Michigan, letting an experienced investor pull equity from a stabilized rental in suburban Detroit. The home appraised at $175,000, so the loan closed at 75% loan-to-value on a 30-year term. Notably, this was a True Zero Point Loan, with no origination points at closing. Qualification came from the property’s rental income rather than the borrower’s personal earnings, and the rent covers the note at a strong 1.402 DSCR. That is ample coverage, and it lets the investor take cash out while the payment stays well supported.

That fit matters for a buy-and-hold owner. Income-based underwriting and a fixed 30-year structure let the borrower recycle equity into the next acquisition without tax returns or personal income documentation, and the zero-point closing keeps upfront costs down. For an investor already carrying one rental, that combination is a practical way to scale a small portfolio one door at a time.

Roseville sits in Macomb County just north of Detroit along Gratiot Avenue, one of the region’s most affordable inner-ring suburbs. Its economy is tied to Metro Detroit’s auto industry — General Motors and Stellantis plants and the dense supplier network across Macomb County employ a large blue-collar workforce that rents close to work. Macomb County remains one of Michigan’s largest employment centers, and easy access to I-94 keeps commutes short. Home prices well below the metro’s pricier northern suburbs keep rentals affordable and occupied. That mix of manufacturing payrolls and value pricing keeps single-family rentals in steady demand.

Overall, this deal shows how American Heritage Lending backs investors with practical DSCR financing. Strong coverage, measured leverage, and a zero-point cash-out give an experienced owner a clean, low-cost way to redeploy equity and keep growing a portfolio in a dependable, blue-collar rental market.

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