1402 Mobile CtAlamogordoNM88310
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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 1402 Mobile Ct, Alamogordo, NM, 88310 offers $920/mo rent that, after a $566/mo payment, leaves $241/mo cash flow. Total monthly income is $920/mo, and annual cash flow is $2,894/yr on $38,355 cash. Return on cash invested measures 27.46% in year one, and rental yield stands at 9.54% at a $115,700 entry. Equity gained on principal adds $747/yr while 5% annual appreciation compounds into $31,966 by year five. Five-year ROI records 143.02% and total cumulative return in cash reaches $54,853. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $920/mo property income versus a $566/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1980
6,490 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: Stephanie Browning • Welcome Home Realty
Mls Name: OCMLS
Mls ID: #171606