1321 S 3rd StTucumcariNM88401
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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 Tucumcari at 1321 S 3rd St, Tucumcari, NM, 88401 uses $49,692 cash to close to unlock $6,190/yr annual cash flow and $516/mo monthly cash flow. Total monthly income runs $1,396/mo, and a $734/mo payment keeps the spread at $516/mo. Purchase price stands at $149,900, and rental yield measures 11.18% with $1,396/mo rent. Return on cash invested shows 32.37% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 169.23% and total cumulative return in cash records $84,095. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,396/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in N/A
7,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88401, Tucumcari, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,727 (100%) |
| Owner Occupied HU | 1,978 (53.1%) |
| Renter Occupied HU | 943 (25.3%) |
| Vacant Housing Units | 806 (21.6%) |
| Median Home Value | $70,860 |
| Average Home Value | $122,792 |
Housing Distribution
Address Breakdown
Residential
2,877
Single Family
2,877
Multi-Family
0
Businesses
316
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Listed by: Kathy Segura • Re/Max First Place Realtors Clovis
Mls Name: New Mexico MLS
Mls ID: #20260040