Investing in Pearl River County
Pearl River County covers 2 rental markets we actively finance in Mississippi — Picayune, Poplarville. Across those markets the median investment basis averages $225,000, a long-term lease averages $1,550/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,497. That produces a county-wide average DSCR ratio near 1.04x.
Basis varies more inside Pearl River County than the average suggests. Poplarville is the lowest entry point at roughly $215,000, while Poplarville currently models the strongest coverage ratio in the county at 1.21x. 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.