1157 State Highway 275GradyNM88120
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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
Investment property for sale in Grady at 1157 State Highway 275, Grady, NM, 88120 listed at $275,000 pairs $2,074/mo rent with a $1,346/mo payment to leave $460/mo cash flow. Total monthly income runs $2,074/mo, and annual cash flow reaches $5,519/yr on $91,163 cash to close. Return on cash invested measures 25.96% in year one, and rental yield registers 9.05% at a $275,000 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 134.88% and total cumulative return in cash totals $122,963. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,074/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1999
4.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88120, Grady, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 152 (100%) |
| Owner Occupied HU | 86 (56.6%) |
| Renter Occupied HU | 15 ( 9.9%) |
| Vacant Housing Units | 51 (33.6%) |
| Median Home Value | $284,615 |
| Average Home Value | $359,099 |
Housing Distribution
Address Breakdown
Residential
68
Single Family
68
Multi-Family
0
Businesses
9
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Listed by: Anna Ortiz • Berkshire Hathaway Homes Services Enchanted Lands - Clovis
Mls Name: New Mexico MLS
Mls ID: #20245444