Investing in Crook County
Crook County covers 3 rental markets we actively finance in Wyoming — Hulett, Moorcroft, Sundance. Across those markets the median investment basis averages $316,667, a long-term lease averages $2,342/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $2,077. That produces a county-wide average DSCR ratio near 1.13x.
Basis varies more inside Crook County than the average suggests. Moorcroft is the lowest entry point at roughly $275,000, while Moorcroft currently models the strongest coverage ratio in the county at 1.16x. 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.