Investing in Cameron County
Cameron County covers 2 rental markets we actively finance in Texas — Brownsville, South Padre Island. Across those markets the median investment basis averages $325,000, a long-term lease averages $1,725/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $2,643. That produces a county-wide average DSCR ratio near 0.71x.
Basis varies more inside Cameron County than the average suggests. Brownsville is the lowest entry point at roughly $230,000, while Brownsville currently models the strongest coverage ratio in the county at 0.86x. 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.