Investing in Hancock County
Hancock County covers 2 rental markets we actively finance in Maine — Bar Harbor, Ellsworth. Across those markets the median investment basis averages $537,500, a long-term lease averages $2,500/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $4,000. That produces a county-wide average DSCR ratio near 0.72x.
Basis varies more inside Hancock County than the average suggests. Ellsworth is the lowest entry point at roughly $375,000, while Ellsworth currently models the strongest coverage ratio in the county at 1.01x. 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.