140 State Highway 371ThoreauNM87323
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 Thoreau at 140 State Highway 371, Thoreau, NM, 87323 offers a 10.11% rental yield on a $138,200 purchase with $1,164/mo rent. Total monthly income registers $1,164/mo, and a $676/mo payment leaves $353/mo available for distribution. Annual cash flow reaches $4,239/yr on $45,813 to close, and return on cash invested stands at 29.16% in year one. Equity gained on principal adds $892/yr while 5% annual appreciation supports $38,182 over five years. Portfolio math shows five-year ROI at 152.15% and total cumulative return in cash at $69,705. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,164/mo property income against a $676/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87323, Thoreau, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,714 (100%) |
| Owner Occupied HU | 1,142 (66.6%) |
| Renter Occupied HU | 281 (16.4%) |
| Vacant Housing Units | 291 (17.0%) |
| Median Home Value | $93,973 |
| Average Home Value | $145,976 |
Housing Distribution
Address Breakdown
Residential
204
Single Family
204
Multi-Family
0
Businesses
52
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Nearby investment properties with comparable prices
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