Investing in Sedgwick County
Sedgwick County covers 2 rental markets we actively finance in Kansas — Derby, Wichita. Across those markets the median investment basis averages $247,500, a long-term lease averages $1,500/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,775. That produces a county-wide average DSCR ratio near 0.85x.
Basis varies more inside Sedgwick County than the average suggests. Wichita is the lowest entry point at roughly $225,000, while Wichita currently models the strongest coverage ratio in the county at 0.91x. 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.