Investing in Torrance County
Torrance County covers 3 rental markets we actively finance in New Mexico — Estancia, Moriarty, Mountainair. Across those markets the median investment basis averages $213,333, a long-term lease averages $1,717/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,428. That produces a county-wide average DSCR ratio near 1.21x.
Basis varies more inside Torrance County than the average suggests. Estancia is the lowest entry point at roughly $195,000, while Estancia currently models the strongest coverage ratio in the county at 1.23x. 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.