Investing in Berkeley County
Berkeley County covers 4 rental markets we actively finance in West Virginia — Falling Waters, Hedgesville, Inwood, Martinsburg. Across those markets the median investment basis averages $287,500, a long-term lease averages $1,594/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,860. That produces a county-wide average DSCR ratio near 0.86x.
Basis varies more inside Berkeley County than the average suggests. Inwood is the lowest entry point at roughly $265,000, while Inwood currently models the strongest coverage ratio in the county at 0.88x. 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.