Investing in DeSoto County
DeSoto County covers 5 rental markets we actively finance in Mississippi — Hernando, Horn Lake, Olive Branch, Southaven, Walls. Across those markets the median investment basis averages $307,000, a long-term lease averages $1,675/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $2,042. That produces a county-wide average DSCR ratio near 0.82x.
Basis varies more inside DeSoto County than the average suggests. Horn Lake is the lowest entry point at roughly $250,000, while Horn Lake 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.