Investing in Worcester County
Worcester County covers 2 rental markets we actively finance in Massachusetts — Leominster, Worcester. Across those markets the median investment basis averages $435,000, a long-term lease averages $2,350/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $3,021. That produces a county-wide average DSCR ratio near 0.78x.
Basis varies more inside Worcester County than the average suggests. Leominster is the lowest entry point at roughly $420,000, while Worcester currently models the strongest coverage ratio in the county at 0.82x. 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.