108 Parkway DrRuidoso DownsNM88346
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 Downs at 108 Parkway Dr, Ruidoso Downs, NM, 88346 uses $79,229 cash to close to unlock $2,494/yr annual cash flow and $208/mo monthly cash flow. Total monthly income runs $1,623/mo, and a $1,170/mo payment keeps the spread at $208/mo. Purchase price stands at $239,000, and rental yield measures 8.15% with $1,623/mo rent. Return on cash invested shows 23.06% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 119.37% and total cumulative return in cash records $94,572. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,623/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Single Family
Built in 1982
10,454 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shane B. Zimmerman • Fathom Realty NM
Mls Name: RLCMLS
Mls Provider:
Mls ID: #132172
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.