Investing in Jackson County
Jackson County covers 2 rental markets we actively finance in West Virginia — Ravenswood, Ripley. Across those markets the median investment basis averages $170,000, a long-term lease averages $1,450/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,100. That produces a county-wide average DSCR ratio near 1.33x.
Basis varies more inside Jackson County than the average suggests. Ravenswood is the lowest entry point at roughly $155,000, while Ravenswood currently models the strongest coverage ratio in the county at 1.35x. 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.