1303 N Riverside DrTruth Or ConsequencesNM87901
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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 Truth Or Consequences at 1303 N Riverside Dr, Truth Or Consequences, NM, 87901 earns $66/mo cash flow from $2,124/mo rent with a $1,716/mo payment. Total monthly income totals $2,124/mo, and annual cash flow totals $795/yr on $116,191 capital. ROI tracks 20.59% on current figures, and rental yield reads 7.27% at a $350,500 purchase. Equity gained on principal adds $2,262/yr, and 5% annual appreciation supports $96,837 over five years. Five-year ROI reaches 106.11% and total cumulative return in cash sums $123,291. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,124/mo property income instead of your personal income.
Single Family
Built in 2011
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87901, Truth Or Consequences, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,896 (100%) |
| Owner Occupied HU | 2,340 (47.8%) |
| Renter Occupied HU | 1,260 (25.7%) |
| Vacant Housing Units | 1,296 (26.5%) |
| Median Home Value | $114,193 |
| Average Home Value | $142,601 |
Housing Distribution
Address Breakdown
Residential
3,167
Single Family
3,091
Multi-Family
76
Businesses
373
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Listed by: Andrea Freeman • Desert Lakes Realty
Mls Name: New Mexico MLS
Mls ID: #20256847