Investing in Rankin County
Rankin County covers 5 rental markets we actively finance in Mississippi — Brandon, Florence, Flowood, Pearl, Richland. Across those markets the median investment basis averages $272,000, a long-term lease averages $1,525/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,809. That produces a county-wide average DSCR ratio near 0.85x.
Basis varies more inside Rankin County than the average suggests. Pearl is the lowest entry point at roughly $200,000, while Pearl currently models the strongest coverage ratio in the county at 0.90x. 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.