103 Midway RdLemitarNM87823
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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 Lemitar at 103 Midway Rd, Lemitar, NM, 87823 at $425,000 posts ROI 24.36% with $523/mo cash flow from $3,017/mo rent. Total monthly income equals $3,017/mo, and annual cash flow records $6,272/yr on $140,888 to close. Return on cash invested measures 24.36% and rental yield reads 8.52% at the current $425,000. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 by year five. Five-year ROI prints 126.3% and total cumulative return in cash totals $177,941.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,017/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1993
1.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87823, Lemitar, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 237 (100%) |
| Owner Occupied HU | 187 (78.9%) |
| Renter Occupied HU | 32 (13.5%) |
| Vacant Housing Units | 18 ( 7.6%) |
| Median Home Value | $192,763 |
| Average Home Value | $251,297 |
Housing Distribution
Address Breakdown
Residential
108
Single Family
108
Multi-Family
0
Businesses
10
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Listed by: Laura Blackwell Jordan • Keller Williams Realty
Mls Name: SWMLS
Mls ID: #1086355