124 Cedar Crest RdNogalNM88341
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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
Rental property for sale in Nogal at 124 Cedar Crest Rd, Nogal, NM, 88341 offers $3,677/mo rent that, after a $4,087/mo payment. Total monthly income is $3,677/mo. Return on cash invested measures 14.71% in year one, and rental yield stands at 5.28% at a $835,000 entry. Equity gained on principal adds $5,388/yr while 5% annual appreciation compounds into $230,695 by year five. Five-year ROI records 74.52% and total cumulative return in cash reaches $204,712. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,677/mo property income versus a $4,087/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
5.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88341, Nogal, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 457 (100%) |
| Owner Occupied HU | 292 (63.9%) |
| Renter Occupied HU | 36 ( 7.9%) |
| Vacant Housing Units | 129 (28.2%) |
| Median Home Value | $366,667 |
| Average Home Value | $458,014 |
Housing Distribution
Address Breakdown
Residential
298
Single Family
298
Multi-Family
0
Businesses
8
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Listed by: Karen Elizabeth Hofacket • Southern New Mexico Realty
Mls Name: RLCMLS
Mls Provider:
Mls ID: #133116
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.