Investing in Laramie County
Laramie County covers 3 rental markets we actively finance in Wyoming — Burns, Cheyenne, Pine Bluffs. Across those markets the median investment basis averages $316,667, a long-term lease averages $2,192/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 1.07x.
Basis varies more inside Laramie County than the average suggests. Pine Bluffs is the lowest entry point at roughly $275,000, while Pine Bluffs 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.