1060 W 8th AveTruth or consequencesNM87901
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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 Truth or consequences at 1060 W 8th Ave, Truth or consequences, NM, 87901 listed at $179,000 pairs $1,346/mo rent with a $876/mo payment to leave $295/mo cash flow. Total monthly income runs $1,346/mo, and annual cash flow reaches $3,546/yr on $59,339 cash to close. Return on cash invested measures 25.88% in year one, and rental yield registers 9.02% at a $179,000 basis. Equity gained on principal adds $1,155/yr, and annual property appreciation at 5% supports $49,454 by year five. Five-year ROI tracks 134.51% and total cumulative return in cash totals $79,815. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,346/mo property income relative to a $876/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2007
6,534 sqft 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 |
Housing Distribution
Address Breakdown
Residential
3,167
Single Family
3,091
Multi-Family
76
Businesses
373
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Listed by: Tracy Reed • Coldwell Banker Legacy Elite
Mls Name: SNMMLS
Mls ID: #2500752
Disclaimer: The information provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.