109 LakeviewLoganNM88426
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
Rental property for sale in Logan at 109 Lakeview, Logan, NM, 88426 offers $1,195/mo rent that, after a $685/mo payment, leaves $374/mo cash flow. Total monthly income is $1,195/mo, and annual cash flow is $4,482/yr on $46,410 cash. Return on cash invested measures 29.57% in year one, and rental yield stands at 10.24% at a $139,999 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,679 by year five. Five-year ROI records 154.26% and total cumulative return in cash reaches $71,590. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,195/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88426, Logan, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,078 (100%) |
| Owner Occupied HU | 400 (37.1%) |
| Renter Occupied HU | 93 ( 8.6%) |
| Vacant Housing Units | 585 (54.3%) |
| Median Home Value | $102,594 |
| Average Home Value | $139,806 |
Housing Distribution
Address Breakdown
Residential
303
Single Family
303
Multi-Family
0
Businesses
48
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Valerie Grant • Porchlight
Mls Name: My State MLS
Mls ID: #11501090