Investing in Lonoke County
Lonoke County covers 3 rental markets we actively finance in Arkansas — Cabot, Lonoke, Ward. Across those markets the median investment basis averages $226,667, a long-term lease averages $1,475/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,476. That produces a county-wide average DSCR ratio near 1.01x.
Basis varies more inside Lonoke County than the average suggests. Lonoke is the lowest entry point at roughly $205,000, while Lonoke currently models the strongest coverage ratio in the county at 1.26x. 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.