1301 W Main St UNIT 1-4Red 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
Investment property for sale in Red River at 1301 W Main St UNIT 1-4, Red River, NM, 87558 earns from $1,279/mo rent with a $827/mo payment. Total monthly income totals $1,279/mo. ROI tracks 16.85% on current figures, and rental yield reads 9.08% at a $169,000 purchase. Equity gained on principal adds $1,091/yr, and 5% annual appreciation supports $46,692 over five years. Five-year ROI reaches 89.44% and total cumulative return in cash sums $50,107. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,279/mo property income instead of your personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
$430 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: Linda Calhoun • Calhoun Real Estate
Mls Name: Enchanted Circle
Mls Provider:
Mls ID: #112961
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