109 Mimbres RdElephant ButteNM87935
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 Elephant Butte at 109 Mimbres Rd, Elephant Butte, NM, 87935 uses $82,875 cash to close to unlock $315/yr annual cash flow and $26/mo monthly cash flow. Total monthly income runs $1,494/mo, and a $1,224/mo payment keeps the spread at $26/mo. Purchase price stands at $250,000, and rental yield measures 7.17% with $1,494/mo rent. Return on cash invested shows 20.29% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 104.48% and total cumulative return in cash records $86,590. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,494/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1990
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87935, Elephant Butte, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,222 (100%) |
| Owner Occupied HU | 604 (49.4%) |
| Renter Occupied HU | 110 ( 9.0%) |
| Vacant Housing Units | 508 (41.6%) |
| Median Home Value | $209,091 |
| Average Home Value | $209,441 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
99
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Listed by: Crystal Mccaslin • Better Homes & Gardens Real Estate / Steinborn & Associates
Mls Name: New Mexico MLS
Mls ID: #20260139