100 Old French RdSpringerNM87747
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Springer at 100 Old French Rd, Springer, NM, 87747 earns from $2,142/mo rent with a $2,396/mo payment. Total monthly income totals $2,142/mo. ROI tracks 14.5% on current figures, and rental yield reads 5.25% at a $489,500 purchase. Equity gained on principal adds $3,159/yr, and 5% annual appreciation supports $135,240 over five years. Five-year ROI reaches 73.43% and total cumulative return in cash sums $119,147. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,142/mo property income instead of your personal income.
Single Family
Built in 1959
84.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87747, Springer, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 761 (100%) |
| Owner Occupied HU | 419 (55.1%) |
| Renter Occupied HU | 190 (25.0%) |
| Vacant Housing Units | 152 (20.0%) |
| Median Home Value | $117,708 |
| Average Home Value | $221,874 |
Housing Distribution
Address Breakdown
Residential
78
Single Family
78
Multi-Family
0
Businesses
46
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Listed by: Pamela Seneff • Home Associates, Inc
Mls Name: New Mexico MLS
Mls ID: #20255864