111 Los Saltos RdHondoNM88336
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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 Hondo at 111 Los Saltos Rd, Hondo, NM, 88336 offers $3,955/mo rent that, after a $9,740/mo payment. Total monthly income is $3,955/mo. Return on cash invested measures 5.99% in year one, and rental yield stands at 2.38% at a $1,990,000 entry. Equity gained on principal adds $12,841/yr while 5% annual appreciation compounds into $549,800 by year five. Five-year ROI records 27.68% and total cumulative return in cash reaches $178,475. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,955/mo property income versus a $9,740/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
570 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88336, Hondo, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 135 (100%) |
| Owner Occupied HU | 75 (55.6%) |
| Renter Occupied HU | 11 ( 8.1%) |
| Vacant Housing Units | 49 (36.3%) |
| Median Home Value | $346,000 |
| Average Home Value | $448,967 |
Housing Distribution
Address Breakdown
Residential
24
Single Family
24
Multi-Family
0
Businesses
5
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Listed by: Gavin Bigger • Berkshire Hathaway Home Services Enchanted Lands, REALTORS - Ruidoso
Mls Name: RLCMLS
Mls Provider:
Mls ID: #131349
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.