Investing in Prince of Wales-Hyder County
Prince of Wales-Hyder County covers 4 rental markets we actively finance in Alaska — Craig, Klawock, Metlakatla, Thorne Bay. Across those markets the median investment basis averages $246,250, a long-term lease averages $1,925/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,690. That produces a county-wide average DSCR ratio near 1.14x.
Basis varies more inside Prince of Wales-Hyder County than the average suggests. Metlakatla is the lowest entry point at roughly $225,000, while Metlakatla currently models the strongest coverage ratio in the county at 1.17x. 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.