103 Racquet Pl UNIT 9RuidosoNM88345
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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 Ruidoso at 103 Racquet Pl UNIT 9, Ruidoso, NM, 88345 listed at $289,500 pairs $1,951/mo rent with a $1,417/mo payment. Total monthly income runs $1,951/mo. Return on cash invested measures 19.72% in year one, and rental yield registers 8.09% at a $289,500 basis. Equity gained on principal adds $1,868/yr, and annual property appreciation at 5% supports $79,984 by year five. Five-year ROI tracks 102.67% and total cumulative return in cash totals $98,535. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,951/mo property income relative to a $1,417/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1992
N/A lot
$N/A/sqft
$800 quarterly 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: Loverin Real Estate Team • Loverin Real Estate
Mls Name: RLCMLS
Mls Provider:
Mls ID: #131472
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.