1223 Ohio AveAlamogordoNM88310
Nearby investment properties with comparable rents
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 Alamogordo at 1223 Ohio Ave, Alamogordo, NM, 88310 priced at $229,500 pairs $1,864/mo rent with $517/mo cash flow after a $1,123/mo payment. Total monthly income equals $1,864/mo, and annual cash flow comes to $6,207/yr on $76,079 invested. Return on cash invested is 28.07% in year one, and rental yield stands at 9.75% on a $229,500 basis. Equity gained on principal adds $1,481/yr, and 5% annual appreciation accumulates to $63,407 by year five. Five-year ROI measures 146.22% and total cumulative return in cash reaches $111,246. For financing, Ziffy Mortgage’s DSCR program evaluates $1,864/mo property income against a $1,123/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paula Osborne • Reliance Real Estate Group of Alamogordo,LLC
Mls Name: OCMLS
Mls Provider:
Mls ID: #170764
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.