Investing in Galveston County
Galveston County covers 3 rental markets we actively finance in Texas — Galveston, League City, Texas City. Across those markets the median investment basis averages $348,333, a long-term lease averages $1,783/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $2,763. That produces a county-wide average DSCR ratio near 0.66x.
Basis varies more inside Galveston County than the average suggests. Texas City is the lowest entry point at roughly $245,000, while Texas City currently models the strongest coverage ratio in the county at 0.75x. 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.