128 E Circle DrRuidoso DownsNM88346
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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 Ruidoso Downs at 128 E Circle Dr, Ruidoso Downs, NM, 88346 generates $2,158/mo in rent and, after a $1,024/mo payment, leaves $930/mo in cash flow. Total monthly income is $2,158/mo, and annual cash flow is $11,159/yr on $69,383 invested. Return on cash invested sits at 35.99% in year one, and rental yield is 12.37% on a $209,300 entry. Equity gained on principal adds $1,351/yr, while 5% annual appreciation builds toward $57,826 over five years. Five-year ROI reaches 188.67% and total cumulative return in cash sums $130,908. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,158/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
7,641 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88346, Ruidoso Downs, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,994 (100%) |
| Owner Occupied HU | 962 (48.2%) |
| Renter Occupied HU | 443 (22.2%) |
| Vacant Housing Units | 589 (29.5%) |
| Median Home Value | $160,897 |
| Average Home Value | $267,578 |
Housing Distribution
Address Breakdown
Residential
829
Single Family
727
Multi-Family
102
Businesses
102
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