115 Granite DrRuidosoNM88345
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 at 115 Granite Dr, Ruidoso, NM, 88345 priced at $1,300,000 pairs $1,980/mo rent with after a $6,363/mo payment. Total monthly income equals $1,980/mo. Return on cash invested is 4.27% in year one, and rental yield stands at 1.83% on a $1,300,000 basis. Equity gained on principal adds $8,389/yr, and 5% annual appreciation accumulates to $359,166 by year five. Five-year ROI measures 18.46% and total cumulative return in cash reaches $77,751. For financing, Ziffy Mortgage’s DSCR program evaluates $1,980/mo property income against a $6,363/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
1.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88345, Ruidoso, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,209 (100%) |
| Owner Occupied HU | 2,960 (32.1%) |
| Renter Occupied HU | 1,086 (11.8%) |
| Vacant Housing Units | 5,163 (56.1%) |
| Median Home Value | $259,653 |
| Average Home Value | $394,541 |
Housing Distribution
Address Breakdown
Residential
3,516
Single Family
3,389
Multi-Family
127
Businesses
574
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jillian A. Mills • Fathom Realty NM
Mls Name: RLCMLS
Mls ID: #133045