Investing in Butler County
Butler County covers 2 rental markets we actively finance in Kansas — Andover, El Dorado. Across those markets the median investment basis averages $257,500, a long-term lease averages $1,663/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,846. That produces a county-wide average DSCR ratio near 0.96x.
Basis varies more inside Butler County than the average suggests. El Dorado is the lowest entry point at roughly $185,000, while El Dorado currently models the strongest coverage ratio in the county at 1.17x. 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.