Investing in New London County
New London County covers 3 rental markets we actively finance in Connecticut — Groton, Mystic, Norwich. Across those markets the median investment basis averages $366,667, a long-term lease averages $2,092/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $2,805. That produces a county-wide average DSCR ratio near 0.85x.
Basis varies more inside New London County than the average suggests. Norwich is the lowest entry point at roughly $250,000, while Groton currently models the strongest coverage ratio in the county at 1.07x. 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.