Investing in Wood County
Wood County covers 3 rental markets we actively finance in West Virginia — Parkersburg, Vienna, Williamstown. Across those markets the median investment basis averages $181,667, a long-term lease averages $1,375/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,175. That produces a county-wide average DSCR ratio near 1.18x.
Basis varies more inside Wood County than the average suggests. Parkersburg is the lowest entry point at roughly $145,000, while Parkersburg currently models the strongest coverage ratio in the county at 1.36x. 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.