1010 Locust St, Truth Or Consequences, NM, 87901 | $243/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Truth Or Consequences at 1010 Locust St, Truth Or Consequences, NM, 87901 offers a 8.02% rental yield on a $299,000 purchase with $1,998/mo rent. Total monthly income registers $1,998/mo, and a $1,463/mo payment leaves $243/mo available for distribution. Annual cash flow reaches $2,922/yr on $99,119 to close, and return on cash invested stands at 22.86% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 118.24% and total cumulative return in cash at $117,202. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,998/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1994

0.32 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 87901, Truth Or Consequences, NM area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,896 (100%)
Owner Occupied HU	2,340 (47.8%)
Renter Occupied HU	1,260 (25.7%)
Vacant Housing Units	1,296 (26.5%)
Median Home Value	$114,193
Average Home Value	$142,601