Investing in Washington County
Washington County covers 5 rental markets we actively finance in Arkansas — Elkins, Farmington, Fayetteville, Prairie Grove, Springdale. Across those markets the median investment basis averages $312,000, a long-term lease averages $1,920/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $2,031. That produces a county-wide average DSCR ratio near 0.94x.
Basis varies more inside Washington County than the average suggests. Elkins is the lowest entry point at roughly $290,000, while Elkins currently models the strongest coverage ratio in the county at 1.17x. 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.