132 Wood LnRuidoso DownsNM88346
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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 Downs at 132 Wood Ln, Ruidoso Downs, NM, 88346 generates $2,004/mo in rent, after a $1,933/mo payment. Total monthly income is $2,004/mo. Return on cash invested sits at 17.03% in year one, and rental yield is 6.09% on a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 86.98% and total cumulative return in cash sums $113,898. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,004/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
2.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88346, Ruidoso Downs, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,994 (100%) |
| Owner Occupied HU | 962 (48.2%) |
| Renter Occupied HU | 443 (22.2%) |
| Vacant Housing Units | 589 (29.5%) |
| Median Home Value | $160,897 |
| Average Home Value | $267,578 |
Housing Distribution
Address Breakdown
Residential
829
Single Family
727
Multi-Family
102
Businesses
102
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Listed by: Daisy Olaguez • Nexthome Enchantment Realty
Mls Name: New Mexico MLS
Mls Provider:
Mls ID: #20252213
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange (IDX) program of the New Mexico Multi-Board MLS. Real Estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.