106 Granite Ct #BRuidosoNM88345
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 106 Granite Ct #B, Ruidoso, NM, 88345 at $218,400 posts ROI 30.82% with $658/mo cash flow from $1,940/mo rent. Total monthly income equals $1,940/mo, and annual cash flow records $7,897/yr on $72,400 to close. Return on cash invested measures 30.82% and rental yield reads 10.66% at the current $218,400. Equity gained on principal adds $1,409/yr, and 5% annual appreciation supports $60,340 by year five. Five-year ROI prints 160.97% and total cumulative return in cash totals $116,545.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,940/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1982
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gavin Bigger • Berkshire Hathaway Home Services Enchanted Lands, REALTORS - Ruidoso
Mls Name: RLCMLS
Mls ID: #133313