101 Racquet Pl #7ERuidosoNM88345
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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
Rental property for sale in Ruidoso at 101 Racquet Pl #7E, Ruidoso, NM, 88345 priced at $475,000 pairs $2,826/mo rent with $38/mo cash flow after a $2,325/mo payment. Total monthly income equals $2,826/mo, and annual cash flow comes to $454/yr on $157,463 invested. Return on cash invested is 20.2% in year one, and rental yield stands at 7.14% on a $475,000 basis. Equity gained on principal adds $3,065/yr, and 5% annual appreciation accumulates to $131,234 by year five. Five-year ROI measures 103.96% and total cumulative return in cash reaches $163,699. For financing, Ziffy Mortgage’s DSCR program evaluates $2,826/mo property income against a $2,325/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88345, Ruidoso, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,209 (100%) |
| Owner Occupied HU | 2,960 (32.1%) |
| Renter Occupied HU | 1,086 (11.8%) |
| Vacant Housing Units | 5,163 (56.1%) |
| Median Home Value | $259,653 |
| Average Home Value | $394,541 |
Housing Distribution
Address Breakdown
Residential
3,516
Single Family
3,389
Multi-Family
127
Businesses
574
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Listed by: Frankie Leigh Reynolds • Better Homes & Gardens Real Estate - Steinborn & Associates
Mls Name: RLCMLS
Mls ID: #132545