Investing in Ouray County
Ouray County covers 2 rental markets we actively finance in Colorado — Ouray, Ridgway. Across those markets the median investment basis averages $740,000, a long-term lease averages $4,300/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $4,694. That produces a county-wide average DSCR ratio near 0.92x.
Basis varies more inside Ouray County than the average suggests. Ouray is the lowest entry point at roughly $695,000, while Ridgway currently models the strongest coverage ratio in the county at 0.92x. 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.