Investing in Hoonah-Angoon County
Hoonah-Angoon County covers 2 rental markets we actively finance in Alaska — Gustavus, Hoonah. Across those markets the median investment basis averages $337,500, a long-term lease averages $2,463/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $2,316. That produces a county-wide average DSCR ratio near 1.07x.
Basis varies more inside Hoonah-Angoon County than the average suggests. Hoonah is the lowest entry point at roughly $275,000, while Hoonah currently models the strongest coverage ratio in the county at 1.11x. 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.