Investing in Charlotte County
Charlotte County covers 2 rental markets we actively finance in Florida — Port Charlotte, Punta Gorda. Across those markets the median investment basis averages $332,500, a long-term lease averages $1,613/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $2,666. That produces a county-wide average DSCR ratio near 0.60x.
Basis varies more inside Charlotte County than the average suggests. Port Charlotte is the lowest entry point at roughly $290,000, while Port Charlotte currently models the strongest coverage ratio in the county at 0.62x. 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.