Investing in Scott County
Scott County covers 2 rental markets we actively finance in Iowa — Bettendorf, Davenport. Across those markets the median investment basis averages $222,500, a long-term lease averages $1,413/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,610. That produces a county-wide average DSCR ratio near 0.90x.
Basis varies more inside Scott County than the average suggests. Davenport is the lowest entry point at roughly $180,000, while Davenport currently models the strongest coverage ratio in the county at 1.02x. 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.