Recently Funded DSCR Loan In Kokomo, Indiana
Loan Scenario:
A newer investor who has owned a primary residence since 2018 took the next step into rental real estate with American Heritage Lending, financing a Kokomo single-family through a DSCR loan on a True Zero Point structure. The property appraised at $130,000, and we funded the purchase at 80% loan-to-value for a loan amount of $88,000 on a 30-year term. Strong projected rents produced a healthy 1.496 debt-service coverage ratio, so the deal qualified comfortably on the home’s cash flow.
Kokomo sits in north-central Indiana, an affordable manufacturing hub where automotive and advanced-industry employers underpin a stable workforce and reliable rental demand. Entry prices well below the national average let first-time rental investors get started with a manageable basis and attractive cash-on-cash potential.
By combining a low purchase price, a well-covered DSCR, and a no-points structure, we helped a first-time rental buyer launch a portfolio the smart way. If you are ready to buy your first investment property, explore your financing options with American Heritage Lending.
Similar Recently Funded Case Studies: DSCR Loan in Montgomery, AL • DSCR Loan in Wentzville, MO • DSCR Loan in Mcalester, OK
Key Deal Points
| Address | Kokomo, IN |
| Loan Type | DSCR Purchase |
| Borrower Profile | Newer Investor |
| Property Type | Single Family Detached |
| Appraised Value | $130,000 |
| Loan Amount | $88,000 |
| Loan To Value (LTV) | 80% |
| DSCR | 1.496 |
| Loan Term | 30-Year |
| Loan Structure | True Zero Point Loan |
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