Investing in Washakie County
Washakie County covers 2 rental markets we actively finance in Wyoming — Ten Sleep, Worland. Across those markets the median investment basis averages $237,500, a long-term lease averages $1,875/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,558. That produces a county-wide average DSCR ratio near 1.21x.
Basis varies more inside Washakie County than the average suggests. Worland is the lowest entry point at roughly $225,000, while Worland currently models the strongest coverage ratio in the county at 1.22x. 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.