Investing in Pitkin County
Pitkin County covers 3 rental markets we actively finance in Colorado — Aspen, Basalt, Snowmass Village. Across those markets the median investment basis averages $2,085,000, a long-term lease averages $6,617/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $13,357. That produces a county-wide average DSCR ratio near 0.49x.
Basis varies more inside Pitkin County than the average suggests. Basalt is the lowest entry point at roughly $955,000, while Aspen currently models the strongest coverage ratio in the county at 0.50x. 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.