Investing in Anchorage County
Anchorage County covers 4 rental markets we actively finance in Alaska — Anchorage, Chugiak, Eagle River, Girdwood. Across those markets the median investment basis averages $475,000, a long-term lease averages $2,225/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $3,304. That produces a county-wide average DSCR ratio near 0.70x.
Basis varies more inside Anchorage County than the average suggests. Anchorage is the lowest entry point at roughly $400,000, while Anchorage currently models the strongest coverage ratio in the county at 0.85x. 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.