Detroit, MI DSCR Calculator
Calculate the debt service coverage ratio (DSCR) for any rental property in Detroit. Based on current Detroit market data.
Detroit Market Snapshot
$85,000
$1,100/mo
11%
2.8%
$8,364
1.73
Based on median price, 25% down, 6.5% rate, 30-year term.
Run Your Detroit Numbers
Plug in any Detroit property to get DSCR, NOI, cash flow, and more.
How DSCR Works in Detroit
The Detroit rental market has a median home price of $85,000 and median rent of $1,100/month, which puts the average debt service coverage ratio (DSCR) at roughly 11% for a typical single-family rental. That means for every dollar of property value, you can expect about 11 cents in annual net income before debt service.
With a 25% down payment ($21,250) and a 6.5% mortgage rate, a median Detroit rental generates roughly $8,364/yr in NOI against $4,836/yr in debt service, giving you a DSCR of 1.73. That comfortably exceeds the 1.25 minimum most DSCR lenders require.