Investing in Franklin County
Franklin County covers 2 rental markets we actively finance in Missouri — Union, Washington. Across those markets the median investment basis averages $252,500, a long-term lease averages $1,975/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,718. That produces a county-wide average DSCR ratio near 1.15x.
Basis varies more inside Franklin County than the average suggests. Union is the lowest entry point at roughly $240,000, while Union currently models the strongest coverage ratio in the county at 1.16x. 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.