Multiple rentals
Portfolio DSCR loans for Michigan rental owners
Quick answer
A portfolio (blanket) DSCR loan finances several Michigan rentals under a single loan, measured on the combined rent of all properties versus the combined payment. It suits investors who have built up a group of single-family homes or small multifamily across Detroit, Lansing, Flint or other markets and want one loan instead of many.
Why Michigan investors consolidate
Michigan’s lower-priced markets make it possible to own several rentals at modest individual values. Each property on its own may be too small for some lenders’ minimum loan amounts. Combined into one portfolio, the balance becomes easier to place and the paperwork falls to one closing.
- One payment and one maturity to manage
- Combined coverage can carry a weaker property alongside stronger ones
- Properties held in one LLC or affiliated LLCs can often be combined
- Release clauses can let you sell individual properties later
How combined coverage works
The lender adds the rent of every property and divides by the total PITIA. Strong properties can offset a weaker one, but most lenders still review each property’s condition, taxes and insurance. In Michigan that means estimating uncapped taxes on any recent purchases and documenting Detroit compliance for any Detroit addresses.
| Example | Rent | PITIA |
|---|---|---|
| House 1 | $1,200 | $880 |
| House 2 | $1,100 | $910 |
| House 3 | $1,350 | $1,020 |
| Combined | $3,650 | $2,810 |
| Portfolio DSCR | 1.30 |
Illustrative arithmetic only; not a loan offer or pricing estimate.
What to send
A schedule of properties with address, unit count, rent, lease dates, taxes, insurance and current loan balances is the fastest start. Add entity documents and recent statements, then send the scenario.
Have a Michigan rental in mind?
Send the address, the rent and the uncapped tax estimate. We shop the scenario with wholesale lenders and come back with options that fit the property.