113 La Canada DrRuidoso DownsNM88346
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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
Investment property for sale in Ruidoso Downs at 113 La Canada Dr, Ruidoso Downs, NM, 88346 uses $81,206 cash to close to unlock $7,414/yr annual cash flow and $618/mo monthly cash flow. Total monthly income runs $2,132/mo, and a $1,199/mo payment keeps the spread at $618/mo. Purchase price stands at $244,965, and rental yield measures 10.44% with $2,132/mo rent. Return on cash invested shows 29.04% in year one, and 5% annual appreciation builds toward $67,679 over five years. Five-year ROI reaches 151.81% and total cumulative return in cash records $123,277. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,132/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88346, Ruidoso Downs, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,994 (100%) |
| Owner Occupied HU | 962 (48.2%) |
| Renter Occupied HU | 443 (22.2%) |
| Vacant Housing Units | 589 (29.5%) |
| Median Home Value | $160,897 |
| Average Home Value | $267,578 |
Housing Distribution
Address Breakdown
Residential
829
Single Family
727
Multi-Family
102
Businesses
102
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