Investing in Kent County
Kent County covers 4 rental markets we actively finance in Delaware — Camden, Dover, Harrington, Smyrna. Across those markets the median investment basis averages $312,500, a long-term lease averages $2,025/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $2,024. That produces a county-wide average DSCR ratio near 1.02x.
Basis varies more inside Kent County than the average suggests. Harrington is the lowest entry point at roughly $275,000, while Dover currently models the strongest coverage ratio in the county at 1.24x. 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.