111 Augusta Ct SAltoNM88312
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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 Alto at 111 Augusta Ct S, Alto, NM, 88312 priced at $699,000 converts $2,426/mo rent into after a $3,421/mo obligation. Total monthly income equals $2,426/mo. Return on cash invested prints 11.31% in year one, and rental yield reads 4.16% against a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation compiles into $193,121 by year five. Five-year ROI reaches 56.29% and total cumulative return in cash sums $129,458. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,426/mo property income covering a $3,421/mo payment, not borrower’s personal income.
Townhouse
Built in 1982
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88312, Alto, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,990 (100%) |
| Owner Occupied HU | 1,147 (38.4%) |
| Renter Occupied HU | 107 ( 3.6%) |
| Vacant Housing Units | 1,736 (58.1%) |
| Median Home Value | $477,848 |
| Average Home Value | $603,330 |
Housing Distribution
Address Breakdown
Residential
1,363
Single Family
1,363
Multi-Family
0
Businesses
86
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Listed by: Gina Gail Acker • Destiny Real Estate
Mls Name: RLCMLS
Mls ID: #133454