PulseReal rankings
DSCR-friendly rental markets in Kansas
Kansas cities where a median-priced rental best covers its mortgage, ranked by debt service coverage ratio (DSCR), the figure DSCR lenders qualify loans on.
Of 27 Kansas markets with both rent and sale-price data, 0 clear a 1.25 DSCR on a median-priced home at a 7.25% rate with 25% down.
| # | Market | DSCR | Average rent | Median price | Cash flow |
|---|---|---|---|---|---|
| 1 | Wellington, KS | 0.42 | $740/mo | $116,000 | -$345/mo |
| 2 | Winfield, KS | 0.30 | $675/mo | $120,000 | -$431/mo |
| 3 | Pittsburg, KS | 0.26 | $726/mo | $135,000 | -$510/mo |
| 4 | Emporia, KS | 0.20 | $650/mo | $138,500 | -$570/mo |
| 5 | El Dorado, KS | 0.17 | $735/mo | $153,000 | -$648/mo |
| 6 | Arkansas City, KS | 0.16 | $657/mo | $140,000 | -$599/mo |
| 7 | Leavenworth, KS | 0.12 | $967/mo | $220,000 | -$989/mo |
| 8 | Independence, KS | 0.11 | $690/mo | $159,900 | -$729/mo |
| 9 | Haysville, KS | 0.11 | $852/mo | $188,000 | -$852/mo |
| 10 | Topeka, KS | 0.10 | $815/mo | $189,900 | -$876/mo |
| 11 | Andover, KS | 0.05 | $1,451/mo | $367,500 | -$1,787/mo |
| 12 | Park City, KS | 0.03 | $966/mo | $245,000 | -$1,216/mo |
| 13 | Garden City, KS | 0.02 | $838/mo | $229,900 | -$1,157/mo |
| 14 | Kansas City, KS | 0.02 | $882/mo | $230,000 | -$1,148/mo |
| 15 | Olathe, KS | -0.01 | $1,070/mo | $289,975 | -$1,492/mo |
| 16 | Ottawa, KS | -0.01 | $768/mo | $232,500 | -$1,199/mo |
| 17 | Dodge City, KS | -0.03 | $785/mo | $242,450 | -$1,283/mo |
| 18 | Manhattan, KS | -0.03 | $911/mo | $311,950 | -$1,639/mo |
| 19 | Shawnee, KS | -0.07 | $1,022/mo | $312,750 | -$1,706/mo |
| 20 | Roeland Park, KS | -0.10 | $1,152/mo | $377,500 | -$2,119/mo |
| 21 | Prairie Village, KS | -0.10 | $1,387/mo | $460,000 | -$2,595/mo |
| 22 | Mission, KS | -0.10 | $1,016/mo | $338,750 | -$1,915/mo |
| 23 | Spring Hill, KS | -0.10 | $969/mo | $404,500 | -$2,281/mo |
| 24 | Gardner, KS | -0.11 | $1,100/mo | $375,000 | -$2,138/mo |
| 25 | Lansing, KS | -0.11 | $1,109/mo | $395,000 | -$2,236/mo |
How this ranking works
- DSCR is net operating income divided by annual principal and interest, on a median-priced home at the city's average rent.
- Most DSCR lenders want 1.25 or higher for their best pricing; some lend down to 1.0.
- Financing is 25% down at PulseReal's default investor rate over 30 years.
Every input and default is documented in the methodology. 27 markets were considered.
