Investing in Alachua County
Alachua County covers 2 rental markets we actively finance in Florida — Gainesville, Gainesville. Across those markets the median investment basis averages $292,500, a long-term lease averages $2,063/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $2,083. That produces a county-wide average DSCR ratio near 0.99x.
Basis varies more inside Alachua County than the average suggests. Gainesville is the lowest entry point at roughly $285,000, while Gainesville currently models the strongest coverage ratio in the county at 1.00x. When two towns in the same county ratio differently, it is almost always the rent-to-price relationship rather than the rate — the same loan pricing applies county-wide, so the deal is won on which submarket you buy in.