1357 La Codorniz DrAlamogordoNM88310
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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 Alamogordo at 1357 La Codorniz Dr, Alamogordo, NM, 88310 generates $2,472/mo in rent and, after a $2,031/mo payment, leaves $21/mo in cash flow. Total monthly income is $2,472/mo, and annual cash flow is $254/yr on $137,573 invested. Return on cash invested sits at 20.09% in year one, and rental yield is 7.15% on a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 103.49% and total cumulative return in cash sums $142,377. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,472/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
9,016 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88310, Alamogordo, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,175 (100%) |
| Owner Occupied HU | 10,695 (58.8%) |
| Renter Occupied HU | 5,517 (30.4%) |
| Vacant Housing Units | 1,963 (10.8%) |
| Median Home Value | $188,407 |
| Average Home Value | $235,554 |
Housing Distribution
Address Breakdown
Residential
16,748
Single Family
16,400
Multi-Family
348
Businesses
1,149
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Listed by: Elevated Team Cori Abel & Emily Kellam • Future Real Estate
Mls Name: OCMLS
Mls Provider:
Mls ID: #170987
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.