112 Promise LnCapitanNM88316
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 Capitan at 112 Promise Ln, Capitan, NM, 88316 priced at $199,000 pairs $1,584/mo rent with $416/mo cash flow after a $974/mo payment. Total monthly income equals $1,584/mo, and annual cash flow comes to $4,992/yr on $65,969 invested. Return on cash invested is 27.48% in year one, and rental yield stands at 9.55% on a $199,000 basis. Equity gained on principal adds $1,284/yr, and 5% annual appreciation accumulates to $54,980 by year five. Five-year ROI measures 142.99% and total cumulative return in cash reaches $94,326. For financing, Ziffy Mortgage’s DSCR program evaluates $1,584/mo property income against a $974/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88316, Capitan, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,304 (100%) |
| Owner Occupied HU | 871 (66.8%) |
| Renter Occupied HU | 160 (12.3%) |
| Vacant Housing Units | 273 (20.9%) |
| Median Home Value | $220,045 |
| Average Home Value | $326,917 |
Housing Distribution
Address Breakdown
Residential
244
Single Family
244
Multi-Family
0
Businesses
52
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angie R Olivas • Cozy Cabins Real Estate DBA NM Homes & Land
Mls Name: RLCMLS
Mls ID: #130874