Investing in San Miguel County
San Miguel County covers 3 rental markets we actively finance in Colorado — Mountain Village, Telluride, Telluride (rural). Across those markets the median investment basis averages $1,628,333, a long-term lease averages $5,833/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $10,329. That produces a county-wide average DSCR ratio near 0.65x.
Basis varies more inside San Miguel County than the average suggests. Telluride (rural) is the lowest entry point at roughly $685,000, while Telluride (rural) 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.