119 Granite DrRuidosoNM88345
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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
Total monthly income runs $1,633/mo, and a $1,884/mo payment. Purchase price stands at $385,000, and rental yield measures 5.09% with $1,633/mo rent. Return on cash invested shows 14.02% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 70.85% and total cumulative return in cash records $90,418. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,633/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88345, Ruidoso, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,209 (100%) |
| Owner Occupied HU | 2,960 (32.1%) |
| Renter Occupied HU | 1,086 (11.8%) |
| Vacant Housing Units | 5,163 (56.1%) |
| Median Home Value | $259,653 |
| Average Home Value | $394,541 |
Housing Distribution
Address Breakdown
Residential
3,516
Single Family
3,389
Multi-Family
127
Businesses
574
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Listed by: Loverin Real Estate Team • Loverin Real Estate
Mls Name: RLCMLS
Mls ID: #133435