116 Romero AveHurleyNM88043
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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
Rental property for sale in Hurley at 116 Romero Ave, Hurley, NM, 88043 offers $1,446/mo rent that, after a $925/mo payment, leaves $337/mo cash flow. Total monthly income is $1,446/mo, and annual cash flow is $4,041/yr on $62,654 cash. Return on cash invested measures 26.36% in year one, and rental yield stands at 9.18% at a $189,000 entry. Equity gained on principal adds $1,220/yr while 5% annual appreciation compounds into $52,217 by year five. Five-year ROI records 137.02% and total cumulative return in cash reaches $85,846. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,446/mo property income versus a $925/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2009
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88043, Hurley, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 806 (100%) |
| Owner Occupied HU | 531 (65.9%) |
| Renter Occupied HU | 119 (14.8%) |
| Vacant Housing Units | 156 (19.4%) |
| Median Home Value | $97,500 |
| Average Home Value | $165,753 |
Housing Distribution
Address Breakdown
Residential
296
Single Family
296
Multi-Family
0
Businesses
17
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Listed by: Darlene Gavaldon • Home Town Real Estate
Mls Name: SCRMLS
Mls ID: #41398