106 Joe Welch DrRuidoso DownsNM88346
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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 Downs at 106 Joe Welch Dr, Ruidoso Downs, NM, 88346 priced at $215,000 pairs $1,985/mo rent with $723/mo cash flow after a $1,052/mo payment. Total monthly income equals $1,985/mo, and annual cash flow comes to $8,681/yr on $71,273 invested. Return on cash invested is 32.09% in year one, and rental yield stands at 11.08% on a $215,000 basis. Equity gained on principal adds $1,387/yr, and 5% annual appreciation accumulates to $59,401 by year five. Five-year ROI measures 167.76% and total cumulative return in cash reaches $119,569. For financing, Ziffy Mortgage’s DSCR program evaluates $1,985/mo property income against a $1,052/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1988
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88346, Ruidoso Downs, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,994 (100%) |
| Owner Occupied HU | 962 (48.2%) |
| Renter Occupied HU | 443 (22.2%) |
| Vacant Housing Units | 589 (29.5%) |
| Median Home Value | $160,897 |
| Average Home Value | $267,578 |
Housing Distribution
Address Breakdown
Residential
829
Single Family
727
Multi-Family
102
Businesses
102
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Listed by: Valerie Jayne Ortiz • REMAX Sierra Blanca Realty
Mls Name: RLCMLS
Mls ID: #133158