Investing in Penobscot County
Penobscot County covers 3 rental markets we actively finance in Maine — Bangor, Brewer, Orono. Across those markets the median investment basis averages $276,667, a long-term lease averages $1,800/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,946. That produces a county-wide average DSCR ratio near 0.92x.
Basis varies more inside Penobscot County than the average suggests. Bangor is the lowest entry point at roughly $265,000, while Orono currently models the strongest coverage ratio in the county at 1.00x. 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.