Investing in Knox County
Knox County covers 2 rental markets we actively finance in Maine — Camden, Rockland. Across those markets the median investment basis averages $525,000, a long-term lease averages $2,313/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $4,066. That produces a county-wide average DSCR ratio near 0.57x.
Basis varies more inside Knox County than the average suggests. Rockland is the lowest entry point at roughly $400,000, while Rockland currently models the strongest coverage ratio in the county at 0.60x. 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.