Investing in Walton County
Walton County covers 3 rental markets we actively finance in Florida — 30A / Santa Rosa Beach, DeFuniak Springs, Miramar Beach. Across those markets the median investment basis averages $706,667, a long-term lease averages $3,967/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $5,424. That produces a county-wide average DSCR ratio near 0.84x.
Basis varies more inside Walton County than the average suggests. DeFuniak Springs is the lowest entry point at roughly $285,000, while DeFuniak Springs currently models the strongest coverage ratio in the county at 1.19x. 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.