Investing in San Juan County
San Juan County covers 4 rental markets we actively finance in New Mexico — Aztec, Bloomfield, Farmington, Kirtland. Across those markets the median investment basis averages $233,750, a long-term lease averages $1,844/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,565. That produces a county-wide average DSCR ratio near 1.18x.
Basis varies more inside San Juan County than the average suggests. Bloomfield is the lowest entry point at roughly $215,000, while Bloomfield currently models the strongest coverage ratio in the county at 1.20x. 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.