PulseReal rankings
DSCR-friendly rental markets in West Virginia
West Virginia 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 11 West Virginia 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 | Clarksburg, WV | 0.63 | $679/mo | $117,500 | -$225/mo |
| 2 | Fairmont, WV | 0.53 | $786/mo | $153,000 | -$365/mo |
| 3 | Parkersburg, WV | 0.44 | $671/mo | $150,000 | -$430/mo |
| 4 | Wheeling, WV | 0.40 | $645/mo | $155,000 | -$478/mo |
| 5 | Vienna, WV | 0.28 | $633/mo | $190,000 | -$704/mo |
| 6 | South Charleston, WV | 0.24 | $691/mo | $210,000 | -$820/mo |
| 7 | Bridgeport, WV | 0.18 | $1,132/mo | $420,000 | -$1,755/mo |
| 8 | Charles Town, WV | 0.17 | $894/mo | $334,500 | -$1,420/mo |
| 9 | Ranson, WV | 0.16 | $1,128/mo | $439,000 | -$1,897/mo |
| 10 | Morgantown, WV | 0.16 | $840/mo | $327,500 | -$1,409/mo |
| 11 | Teays Valley, WV | 0.12 | $1,001/mo | $445,000 | -$1,999/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. 11 markets were considered.
