Investing in Natrona County
Natrona County covers 5 rental markets we actively finance in Wyoming — Bar Nunn, Casper, Evansville, Midwest, Mills. Across those markets the median investment basis averages $251,000, a long-term lease averages $1,525/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,647. That produces a county-wide average DSCR ratio near 0.97x.
Basis varies more inside Natrona County than the average suggests. Midwest is the lowest entry point at roughly $125,000, while Midwest currently models the strongest coverage ratio in the county at 1.37x. 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.