1100 Highway 35MimbresNM88049
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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 Mimbres at 1100 Highway 35, Mimbres, NM, 88049 generates $0/mo in rent, after a $1,689/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -1.34% in year one, and rental yield is 0% on a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation builds toward $95,317 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 2010
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88049, Mimbres, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 391 (100%) |
| Owner Occupied HU | 242 (61.9%) |
| Renter Occupied HU | 34 ( 8.7%) |
| Vacant Housing Units | 115 (29.4%) |
| Median Home Value | $190,625 |
| Average Home Value | $292,686 |
Housing Distribution
Address Breakdown
Residential
300
Single Family
300
Multi-Family
0
Businesses
27
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No similar rental properties found nearby.
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Listed by: Lauren Gueswel • eXp Realty, LLC
Mls Name: SCRMLS
Mls ID: #41313