1315 S Santa Monica StDemingNM88030
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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 Deming at 1315 S Santa Monica St, Deming, NM, 88030 uses $91,163 cash to close to unlock $6,119/yr annual cash flow and $510/mo monthly cash flow. Total monthly income runs $2,124/mo, and a $1,346/mo payment keeps the spread at $510/mo. Purchase price stands at $275,000, and rental yield measures 9.27% with $2,124/mo rent. Return on cash invested shows 26.62% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 138.4% and total cumulative return in cash records $126,167. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,124/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1964
9,469 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88030, Deming, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,963 (100%) |
| Owner Occupied HU | 6,416 (58.5%) |
| Renter Occupied HU | 2,946 (26.9%) |
| Vacant Housing Units | 1,601 (14.6%) |
| Median Home Value | $123,226 |
| Average Home Value | $155,194 |
Housing Distribution
Address Breakdown
Residential
9,158
Single Family
9,056
Multi-Family
102
Businesses
573
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Listed by: Michele Shillito • Corral Realty Group
Mls Name: New Mexico MLS
Mls ID: #20255509