Investing in Kanawha County
Kanawha County covers 3 rental markets we actively finance in West Virginia — Charleston, Dunbar, Nitro. Across those markets the median investment basis averages $146,667, a long-term lease averages $983/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $949. That produces a county-wide average DSCR ratio near 1.03x.
Basis varies more inside Kanawha County than the average suggests. Dunbar is the lowest entry point at roughly $130,000, while Charleston currently models the strongest coverage ratio in the county at 1.10x. 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.