Investing in Marion County
Marion County covers 2 rental markets we actively finance in Indiana — Indianapolis, Lawrence. Across those markets the median investment basis averages $235,000, a long-term lease averages $1,450/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,577. That produces a county-wide average DSCR ratio near 0.92x.
Basis varies more inside Marion County than the average suggests. Indianapolis is the lowest entry point at roughly $235,000, while Indianapolis 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.