Investing in Santa Fe County
Santa Fe County covers 4 rental markets we actively finance in New Mexico — Edgewood, Eldorado, Pojoaque, Santa Fe. Across those markets the median investment basis averages $481,250, a long-term lease averages $2,519/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $3,266. That produces a county-wide average DSCR ratio near 0.83x.
Basis varies more inside Santa Fe County than the average suggests. Edgewood is the lowest entry point at roughly $350,000, while Edgewood currently models the strongest coverage ratio in the county at 1.08x. 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.