115 Mulligan DrAltoNM88312
Nearby investment properties with comparable rents
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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 Alto at 115 Mulligan Dr, Alto, NM, 88312 priced at $1,995,000 pairs $4,122/mo rent with after a $9,765/mo payment. Total monthly income equals $4,122/mo. Return on cash invested is 6.28% in year one, and rental yield stands at 2.48% on a $1,995,000 basis. Equity gained on principal adds $12,873/yr, and 5% annual appreciation accumulates to $551,182 by year five. Five-year ROI measures 29.24% and total cumulative return in cash reaches $188,997. For financing, Ziffy Mortgage’s DSCR program evaluates $4,122/mo property income against a $9,765/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88312, Alto, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,990 (100%) |
| Owner Occupied HU | 1,147 (38.4%) |
| Renter Occupied HU | 107 ( 3.6%) |
| Vacant Housing Units | 1,736 (58.1%) |
| Median Home Value | $477,848 |
| Average Home Value | $603,330 |
Housing Distribution
Address Breakdown
Residential
1,363
Single Family
1,363
Multi-Family
0
Businesses
86
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Listed by: James Scott Miller • Pinnacle Real Estate & Dev
Mls Name: RLCMLS
Mls ID: #132085