PulseReal rankings
DSCR-friendly rental markets in Maryland
Maryland 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 66 Maryland 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 | Rockville, MD | 0.65 | $1,914/mo | $283,000 | -$505/mo |
| 2 | Leisure World, MD | 0.63 | $1,696/mo | $255,000 | -$476/mo |
| 3 | Cumberland, MD | 0.49 | $693/mo | $127,450 | -$330/mo |
| 4 | Essex, MD | 0.45 | $1,106/mo | $205,000 | -$573/mo |
| 5 | Dundalk, MD | 0.41 | $1,178/mo | $230,000 | -$689/mo |
| 6 | Middle River, MD | 0.39 | $1,328/mo | $270,000 | -$849/mo |
| 7 | Baltimore, MD | 0.36 | $1,094/mo | $230,000 | -$750/mo |
| 8 | Elkridge, MD | 0.36 | $1,813/mo | $385,000 | -$1,252/mo |
| 9 | Wildewood, MD | 0.36 | $1,643/mo | $352,450 | -$1,160/mo |
| 10 | Ferndale, MD | 0.35 | $1,499/mo | $320,000 | -$1,058/mo |
| 11 | Riviera Beach, MD | 0.35 | $1,768/mo | $380,000 | -$1,265/mo |
| 12 | Perry Hall, MD | 0.34 | $1,468/mo | $320,000 | -$1,084/mo |
| 13 | Parkville, MD | 0.30 | $1,240/mo | $285,000 | -$1,015/mo |
| 14 | Ballenger Creek, MD | 0.29 | $1,645/mo | $390,000 | -$1,407/mo |
| 15 | Rosaryville, MD | 0.28 | $1,975/mo | $469,900 | -$1,724/mo |
| 16 | Germantown, MD | 0.27 | $1,757/mo | $430,000 | -$1,614/mo |
| 17 | Bel Air South, MD | 0.26 | $1,344/mo | $335,000 | -$1,263/mo |
| 18 | Bensville, MD | 0.26 | $2,444/mo | $624,423 | -$2,380/mo |
| 19 | Woodlawn, MD | 0.26 | $1,446/mo | $360,000 | -$1,370/mo |
| 20 | Laurel, MD | 0.25 | $1,611/mo | $404,000 | -$1,546/mo |
| 21 | Fort Washington, MD | 0.25 | $2,253/mo | $565,000 | -$2,163/mo |
| 22 | Honeygo, MD | 0.24 | $1,552/mo | $399,990 | -$1,563/mo |
| 23 | California, MD | 0.23 | $1,631/mo | $435,000 | -$1,723/mo |
| 24 | Brooklyn Park, MD | 0.21 | $1,285/mo | $349,500 | -$1,415/mo |
| 25 | Arbutus, MD | 0.20 | $1,124/mo | $310,000 | -$1,270/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. 66 markets were considered.
