132 Cedar PlRuidosoNM88345
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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
Rental property for sale in Ruidoso at 132 Cedar Pl, Ruidoso, NM, 88345 offers $1,381/mo rent that, after a $880/mo payment, leaves $326/mo cash flow. Total monthly income is $1,381/mo, and annual cash flow is $3,908/yr on $59,604 cash. Return on cash invested measures 26.47% in year one, and rental yield stands at 9.22% at a $179,800 entry. Equity gained on principal adds $1,160/yr while 5% annual appreciation compounds into $49,675 by year five. Five-year ROI records 137.59% and total cumulative return in cash reaches $82,010. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,381/mo property income versus a $880/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88345, Ruidoso, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,209 (100%) |
| Owner Occupied HU | 2,960 (32.1%) |
| Renter Occupied HU | 1,086 (11.8%) |
| Vacant Housing Units | 5,163 (56.1%) |
| Median Home Value | $259,653 |
| Average Home Value | $394,541 |
Housing Distribution
Address Breakdown
Residential
3,516
Single Family
3,389
Multi-Family
127
Businesses
574
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Listed by: Julie C. Rigsby • Century 21 Aspen Real Estate
Mls Name: RLCMLS
Mls ID: #132908