Investing in Litchfield County
Litchfield County covers 3 rental markets we actively finance in Connecticut — Kent, Litchfield, Torrington. Across those markets the median investment basis averages $471,667, a long-term lease averages $2,008/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $3,651. That produces a county-wide average DSCR ratio near 0.64x.
Basis varies more inside Litchfield County than the average suggests. Torrington is the lowest entry point at roughly $265,000, while Torrington 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.