Michigan DSCR Loan Calculator
Screen a Michigan rental property for modeled DSCR, supportable loan amount, required rent, PITIA or ITIA, purchase cash to close, and cash-out refinance proceeds.
Verify lender and local rules. This page localizes tax and insurance defaults for Michigan; it does not determine DSCR loan approval, state prepayment-penalty treatment, STR legality, entity eligibility, reserves, or lender overlays.
Michigan DSCR assumptions
The calculator seeds Michigan with a starting property value of $230,000.00, starting rent of $1,100.00, annual property tax based on a 1.19% effective rate, and estimated annual insurance of $1,928.00.
STR note: No statewide restrictions. Traverse City, Petoskey, and resort communities have STR regulations. Detroit is considering STR rules. Resort community STR rules are evolving. DSCR lenders that use STR income may apply their own eligibility, documentation, and haircut rules on top of local restrictions.
Market context: Detroit Metro (Wayne, Macomb, Oakland counties — highest cash flow yields in major U.S. metros, SFR institutional market). Grand Rapids/Kent County (diversified economy, growing, hybrid). Lansing/Ingham County (state capital, MSU, cash flow). Ann Arbor/Washtenaw County (university + tech, appreciation/hybrid). Traverse City/Grand Traverse County (resort/STR market, strong appreciation).
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