Investing in Kennebec County
Kennebec County covers 2 rental markets we actively finance in Maine — Augusta, Waterville. Across those markets the median investment basis averages $247,500, a long-term lease averages $1,875/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,742. That produces a county-wide average DSCR ratio near 1.08x.
Basis varies more inside Kennebec County than the average suggests. Waterville is the lowest entry point at roughly $245,000, while Augusta 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.