128 W High St UNIT 6Red RiverNM87558
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
Investment property for sale in Red River at 128 W High St UNIT 6, Red River, NM, 87558 uses $146,523 cash to close to unlock $3,133/yr annual cash flow and $261/mo monthly cash flow. Total monthly income runs $2,855/mo, and a $2,163/mo payment keeps the spread at $261/mo. Purchase price stands at $442,000, and rental yield measures 7.75% with $2,855/mo rent. Return on cash invested shows 22.05% in year one, and 5% annual appreciation builds toward $122,116 over five years. Five-year ROI reaches 113.91% and total cumulative return in cash records $166,898. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,855/mo property income covering a $2,163/mo payment rather than investor’s personal income.
Townhouse
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87558, Red River, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,401 (100%) |
| Owner Occupied HU | 230 (16.4%) |
| Renter Occupied HU | 106 ( 7.6%) |
| Vacant Housing Units | 1,065 (76.0%) |
| Median Home Value | $435,484 |
| Average Home Value | $435,859 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
84
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lindsey Casali • Casali Real Estate
Mls Name: Enchanted Circle
Mls ID: #112543