Investing in Door County
Door County covers 3 rental markets we actively finance in Wisconsin — Egg Harbor, Fish Creek, Sturgeon Bay. Across those markets the median investment basis averages $461,667, a long-term lease averages $1,667/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $3,566. That produces a county-wide average DSCR ratio near 0.47x.
Basis varies more inside Door County than the average suggests. Sturgeon Bay is the lowest entry point at roughly $335,000, while Sturgeon Bay currently models the strongest coverage ratio in the county at 0.49x. 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.