Investing in Kenton County
Kenton County covers 3 rental markets we actively finance in Kentucky — Covington, Erlanger, Independence. Across those markets the median investment basis averages $266,667, a long-term lease averages $1,600/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,790. That produces a county-wide average DSCR ratio near 0.90x.
Basis varies more inside Kenton County than the average suggests. Covington is the lowest entry point at roughly $250,000, while Covington currently models the strongest coverage ratio in the county at 1.03x. 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.