Investing in Hancock County
Hancock County covers 2 rental markets we actively finance in Mississippi — Bay St. Louis, Diamondhead. Across those markets the median investment basis averages $300,000, a long-term lease averages $1,200/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $2,286. That produces a county-wide average DSCR ratio near 0.53x.
Basis varies more inside Hancock County than the average suggests. Bay St. Louis is the lowest entry point at roughly $300,000, while Bay St. Louis currently models the strongest coverage ratio in the county at 0.53x. 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.