Investing in Platte County
Platte County covers 2 rental markets we actively finance in Wyoming — Guernsey, Wheatland. Across those markets the median investment basis averages $222,500, a long-term lease averages $1,788/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,460. That produces a county-wide average DSCR ratio near 1.23x.
Basis varies more inside Platte County than the average suggests. Guernsey is the lowest entry point at roughly $200,000, while Guernsey currently models the strongest coverage ratio in the county at 1.26x. 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.