1301 W Main St #2-4Red RiverNM87558
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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 Red River at 1301 W Main St #2-4, Red River, NM, 87558 generates $1,337/mo in rent, after a $857/mo payment. Total monthly income is $1,337/mo. Return on cash invested sits at 17.56% in year one, and rental yield is 9.17% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 93.03% and total cumulative return in cash sums $53,971. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,337/mo property income rather than buyer’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
$423 monthly 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
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Listed by: Lindsey Casali • Casali Real Estate
Mls Name: TCAR
Mls Provider:
Mls ID: #111486
Disclaimer: The data relating to real estate for sale in this web site come in part from the Internet Data exchange ("IDX") program of TCAR MLS, Inc. Real estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.