1315 8th StLas VegasNM87701
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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 Las Vegas at 1315 8th St, Las Vegas, NM, 87701 listed at $315,000 pairs $1,200/mo rent with a $1,542/mo payment. Total monthly income runs $1,200/mo. Return on cash invested measures 12.45% in year one, and rental yield registers 4.57% at a $315,000 basis. Equity gained on principal adds $2,033/yr, and annual property appreciation at 5% supports $87,029 by year five. Five-year ROI tracks 62.41% and total cumulative return in cash totals $65,165. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,200/mo property income relative to a $1,542/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1975
10,650 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87701, Las Vegas, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,501 (100%) |
| Owner Occupied HU | 5,249 (55.2%) |
| Renter Occupied HU | 2,530 (26.6%) |
| Vacant Housing Units | 1,722 (18.1%) |
| Median Home Value | $177,666 |
| Average Home Value | $208,458 |
Housing Distribution
Address Breakdown
Residential
7,507
Single Family
7,488
Multi-Family
19
Businesses
725
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Listed by: Paul Winston • Pueblo Del Sol
Mls Name: New Mexico MLS
Mls ID: #20255159