1186 Highway 554El RitoNM87530
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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 El Rito at 1186 Highway 554, El Rito, NM, 87530 offers a 0% rental yield on a $240,000 purchase with $0/mo rent. 34% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,308 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1847
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87530, El Rito, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 426 (100%) |
| Owner Occupied HU | 314 (73.7%) |
| Renter Occupied HU | 50 (11.7%) |
| Vacant Housing Units | 62 (14.6%) |
| Median Home Value | $288,953 |
| Average Home Value | $303,065 |
Housing Distribution
Address Breakdown
Residential
16
Single Family
16
Multi-Family
0
Businesses
14
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No similar rental properties found nearby.
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Listed by: Crystal Martinez • New Mexico Real Estate Group
Mls Name: SFARMLS
Mls ID: #202503128