108 Alice RdSocorroNM87801
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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 Socorro at 108 Alice Rd, Socorro, NM, 87801 offers $960/mo rent that, after a $2,692/mo payment. Total monthly income is $960/mo. Return on cash invested measures 5.02% in year one, and rental yield stands at 2.09% at a $550,000 entry. Equity gained on principal adds $3,549/yr while 5% annual appreciation compounds into $151,955 by year five. Five-year ROI records 22.53% and total cumulative return in cash reaches $40,774. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $960/mo property income versus a $2,692/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
7.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87801, Socorro, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,906 (100%) |
| Owner Occupied HU | 2,609 (53.2%) |
| Renter Occupied HU | 1,620 (33.0%) |
| Vacant Housing Units | 677 (13.8%) |
| Median Home Value | $170,167 |
| Average Home Value | $181,381 |
Housing Distribution
Address Breakdown
Residential
3,705
Single Family
3,597
Multi-Family
108
Businesses
384
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Listed by: Joshua E. Robinson • EXP Realty LLC
Mls Name: SWMLS
Mls ID: #1095277