Investing in Sandoval County
Sandoval County covers 3 rental markets we actively finance in New Mexico — Bernalillo, Corrales, Rio Rancho. Across those markets the median investment basis averages $428,333, a long-term lease averages $2,158/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $2,867. That produces a county-wide average DSCR ratio near 0.76x.
Basis varies more inside Sandoval County than the average suggests. Bernalillo is the lowest entry point at roughly $335,000, while Bernalillo currently models the strongest coverage ratio in the county at 0.80x. 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.