Investing in King County
King County covers 20 rental markets we actively finance in Washington — Auburn, Bellevue, Bothell, Burien, Covington, Des Moines and 14 more. Across those markets the median investment basis averages $805,250, a long-term lease averages $3,608/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $5,417. That produces a county-wide average DSCR ratio near 0.68x.
Basis varies more inside King County than the average suggests. Federal Way is the lowest entry point at roughly $550,000, while Enumclaw currently models the strongest coverage ratio in the county at 0.97x. 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.