1215 Ohio AveAlamogordoNM88310
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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 Alamogordo at 1215 Ohio Ave, Alamogordo, NM, 88310 at $105,000 posts ROI 26.31% with $186/mo cash flow from $802/mo rent. Total monthly income equals $802/mo, and annual cash flow records $2,227/yr on $34,808 to close. Return on cash invested measures 26.31% and rental yield reads 9.17% at the current $105,000. Equity gained on principal adds $678/yr, and 5% annual appreciation supports $29,010 by year five. Five-year ROI prints 136.77% and total cumulative return in cash totals $47,606.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $802/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1965
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88310, Alamogordo, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,175 (100%) |
| Owner Occupied HU | 10,695 (58.8%) |
| Renter Occupied HU | 5,517 (30.4%) |
| Vacant Housing Units | 1,963 (10.8%) |
| Median Home Value | $188,407 |
| Average Home Value | $235,554 |
Housing Distribution
Address Breakdown
Residential
16,748
Single Family
16,400
Multi-Family
348
Businesses
1,149
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Listed by: Paula Osborne • Reliance Real Estate Group of Alamogordo,LLC
Mls Name: OCMLS
Mls Provider:
Mls ID: #170663
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.