Investing in San Miguel County
San Miguel County covers 5 rental markets we actively finance in Colorado — Mountain Village, Norwood, Placerville, Telluride, Telluride (rural). Across those markets the median investment basis averages $1,109,800, a long-term lease averages $4,475/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $7,050. That produces a county-wide average DSCR ratio near 0.85x.
Basis varies more inside San Miguel County than the average suggests. Norwood is the lowest entry point at roughly $282,000, while Norwood currently models the strongest coverage ratio in the county at 1.19x. 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.