Investing in Montgomery County
Montgomery County covers 2 rental markets we actively finance in Texas — Conroe, The Woodlands. Across those markets the median investment basis averages $480,000, a long-term lease averages $2,363/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $3,657. That produces a county-wide average DSCR ratio near 0.66x.
Basis varies more inside Montgomery County than the average suggests. Conroe is the lowest entry point at roughly $340,000, while Conroe currently models the strongest coverage ratio in the county at 0.70x. 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.