1302 E Fraser DrSilver CityNM88061
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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 Silver City at 1302 E Fraser Dr, Silver City, NM, 88061 uses $74,588 cash to close to unlock $8,635/yr annual cash flow and $720/mo monthly cash flow. Total monthly income runs $2,040/mo, and a $1,101/mo payment keeps the spread at $720/mo. Purchase price stands at $225,000, and rental yield measures 10.88% with $2,040/mo rent. Return on cash invested shows 31.49% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 164.52% and total cumulative return in cash records $122,709. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,040/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Manufactured
Built in 1997
1.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88061, Silver City, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,958 (100%) |
| Owner Occupied HU | 5,354 (59.8%) |
| Renter Occupied HU | 2,264 (25.3%) |
| Vacant Housing Units | 1,340 (15.0%) |
| Median Home Value | $217,889 |
| Average Home Value | $241,339 |
Housing Distribution
Address Breakdown
Residential
7,140
Single Family
6,980
Multi-Family
160
Businesses
597
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Listed by: Eric Escobar • Better Homes and Gardens Real Estate | Silver City
Mls Name: SCRMLS
Mls ID: #41182