Investing in Putnam County
Putnam County covers 3 rental markets we actively finance in West Virginia — Hurricane, Scott Depot, Winfield. Across those markets the median investment basis averages $273,333, a long-term lease averages $1,525/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,768. That produces a county-wide average DSCR ratio near 0.86x.
Basis varies more inside Putnam County than the average suggests. Hurricane is the lowest entry point at roughly $250,000, while Hurricane currently models the strongest coverage ratio in the county at 0.88x. 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.