Investing in Canadian County
Canadian County covers 4 rental markets we actively finance in Oklahoma — El Reno, Mustang, Piedmont, Yukon. Across those markets the median investment basis averages $276,250, a long-term lease averages $1,538/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,886. That produces a county-wide average DSCR ratio near 0.82x.
Basis varies more inside Canadian County than the average suggests. El Reno is the lowest entry point at roughly $195,000, while El Reno 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.