118 Eagle Ridge RdAltoNM88312
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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
Investment property for sale in Alto at 118 Eagle Ridge Rd, Alto, NM, 88312 uses $172,725 cash to close to unlock $73/yr annual cash flow and $6/mo monthly cash flow. Total monthly income runs $3,088/mo, and a $2,570/mo payment keeps the spread at $6/mo. Purchase price stands at $525,000, and rental yield measures 7.06% with $3,088/mo rent. Return on cash invested shows 20.1% in year one, and 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 103.45% and total cumulative return in cash records $178,689. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,088/mo property income covering a $2,570/mo payment rather than investor’s personal income.
Single Family
Built in 1985
0.61 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: Rhonda B. Romack • Destiny Real Estate
Mls Name: RLCMLS
Mls ID: #132702