1373 High Mesa RdAltoNM88312
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Alto at 1373 High Mesa Rd, Alto, NM, 88312 listed at $695,000 pairs $3,430/mo rent with a $3,402/mo payment. Total monthly income runs $3,430/mo. Return on cash invested measures 16.65% in year one, and rental yield registers 5.92% at a $695,000 basis. Equity gained on principal adds $4,485/yr, and annual property appreciation at 5% supports $192,016 by year five. Five-year ROI tracks 84.92% and total cumulative return in cash totals $194,178. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,430/mo property income relative to a $3,402/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1981
1.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88312, Alto, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,990 (100%) |
| Owner Occupied HU | 1,147 (38.4%) |
| Renter Occupied HU | 107 ( 3.6%) |
| Vacant Housing Units | 1,736 (58.1%) |
| Median Home Value | $477,848 |
| Average Home Value | $603,330 |
Housing Distribution
Address Breakdown
Residential
1,363
Single Family
1,363
Multi-Family
0
Businesses
86
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joseph A. Zagone • Century 21 Aspen Real Estate
Mls Name: RLCMLS
Mls Provider:
Mls ID: #132909
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.