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Short-Term Rental · Pagosa Springs, CO

Short-Term Rental Financing in Pagosa Springs, CO

Estimated 0.72x DSCR on a $575,000 short-term rental with $143,750 down — qualified on the property's income, not your tax returns.

Modeled Purchase Price
$575,000
25% Down
$143,750
Loan Amount
$431,250
Est. Monthly PITIA
$3,483
Creditable STR Income
$2,520/mo
Est. DSCR Ratio
0.72x

Short-Term Rental investing in Pagosa Springs

Short-term rental financing in Pagosa Springs is a different underwriting product than a long-term DSCR loan even though it carries the same name. The lender is crediting nightly revenue instead of a signed lease, which means the documentation, the reserve requirement, and the permit diligence all change.

At the Pagosa Springs median of $575,000, a short-term rental prices near $575,000. Minimum down is 25% ($143,750), leaving a loan of $431,250. Estimated all-in PITIA runs about $3,483 per month.

The Pagosa Springs ratio math on this product

Gross nightly revenue in Pagosa Springs models to about $3,500/month across a full year. Lenders do not credit that dollar-for-dollar — a 28% haircut for vacancy, cleaning, platform fees and management leaves $2,520 of creditable income. Against a PITIA of $3,483, that is an estimated DSCR ratio of 0.72x. That is below the 1.0 threshold, which is normal at this basis. Financing here works one of three ways — more money down, a no-ratio DSCR product, or qualifying on documented short-term rental revenue.

Underwriting notes specific to STR files: plan on 25% down as the floor, six months of PITIA in reserves, and either twelve months of Airbnb/VRBO earnings statements on the subject property or a third-party market revenue study for a property with no operating history. Yes Verify the permit status of the exact address before you go hard on earnest money — an unpermitted STR is an unfinanceable STR on this product.

Returns and structure

Return metrics at the Pagosa Springs median for this product: an estimated cap rate of 2.89%, and monthly cash flow of $963 negative at 25% down. Negative cash flow at the minimum down payment is common in appreciation-led markets; investors close the gap with a larger down payment, a purchase below median, an added unit, or a rate buydown.

Pagosa Springs property types compared

Property TypeModeled PriceMin. DownEst. IncomeEst. DSCR
Single-Family Rental$575,00020% ($115,000)$3,900/mo1.07x
2–4 Unit Multi-Family$908,50025% ($227,125)$7,254/mo1.32x
Condo & Townhome$414,00020% ($82,800)$3,081/mo1.04x
Short-Term Rental (this page)$575,00025% ($143,750)$2,520/mo0.72x

All figures model a purchase at the Pagosa Springs median of $575,000 with the property-type adjustments described above, at an illustrative 7.50% DSCR rate on a 30-year fixed. Short-term rental income is shown after the standard lender haircut.

Figures on this page are modeled estimates derived from the Pagosa Springs median price and market rent, adjusted for short-term rental product characteristics. They are illustrative, not a loan offer or an appraisal. Actual pricing, rent, taxes, insurance, HOA dues and DSCR depend on the specific property and on conditions at the time of application.

Pagosa Springs Short-Term Rental FAQ

More Pagosa Springs investor resources

Pagosa Springs investor guide
Full market analysis and loan options
Single-Family Rental in Pagosa Springs
1.07x est. DSCR
2–4 Unit Multi-Family in Pagosa Springs
1.32x est. DSCR
Condo & Townhome in Pagosa Springs
1.04x est. DSCR
Archuleta County investor hub
Every market we finance in the county
DSCR loan requirements in Colorado
DSCR payment calculator

Price a short-term rental in Pagosa Springs

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