113 RawhideRuidoso DownsNM88346
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 Ruidoso Downs at 113 Rawhide, Ruidoso Downs, NM, 88346 offers $986/mo rent that, after a $636/mo payment, leaves $223/mo cash flow. Total monthly income is $986/mo, and annual cash flow is $2,680/yr on $43,062 cash. Return on cash invested measures 26.13% in year one, and rental yield stands at 9.11% at a $129,900 entry. Equity gained on principal adds $838/yr while 5% annual appreciation compounds into $35,889 by year five. Five-year ROI records 135.87% and total cumulative return in cash reaches $58,507. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $986/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.40 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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Listed by: Emese Dian Dian Fisher • Fisher Real Estate, LLC
Mls Name: RLCMLS
Mls ID: #133177