Investing in Dona Ana County
Dona Ana County covers 4 rental markets we actively finance in New Mexico — Hatch, Las Cruces, Mesilla, Sunland Park. Across those markets the median investment basis averages $283,750, a long-term lease averages $1,781/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,899. That produces a county-wide average DSCR ratio near 0.99x.
Basis varies more inside Dona Ana County than the average suggests. Hatch is the lowest entry point at roughly $175,000, while Hatch currently models the strongest coverage ratio in the county at 1.26x. 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.