Investing in La Plata County
La Plata County covers 3 rental markets we actively finance in Colorado — Bayfield, Durango, Ignacio. Across those markets the median investment basis averages $511,667, a long-term lease averages $3,500/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $3,245. That produces a county-wide average DSCR ratio near 1.13x.
Basis varies more inside La Plata County than the average suggests. Ignacio is the lowest entry point at roughly $325,000, while Ignacio currently models the strongest coverage ratio in the county at 1.31x. 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.