Investing in Rio Arriba County
Rio Arriba County covers 3 rental markets we actively finance in New Mexico — Abiquiu, Chimayo, Espanola. Across those markets the median investment basis averages $330,000, a long-term lease averages $2,417/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $2,209. That produces a county-wide average DSCR ratio near 1.11x.
Basis varies more inside Rio Arriba County than the average suggests. Espanola is the lowest entry point at roughly $265,000, while Espanola 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.