Investing in El Paso County
El Paso County covers 3 rental markets we actively finance in Colorado — Colorado Springs, Fountain, Monument. Across those markets the median investment basis averages $443,667, a long-term lease averages $2,925/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $2,836. That produces a county-wide average DSCR ratio near 1.03x.
Basis varies more inside El Paso County than the average suggests. Fountain is the lowest entry point at roughly $368,000, while Colorado Springs currently models the strongest coverage ratio in the county at 1.19x. 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.