142 Wood LnRuidoso DownsNM88346
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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 Ruidoso Downs at 142 Wood Ln, Ruidoso Downs, NM, 88346 priced at $349,000 converts $2,149/mo rent into $101/mo cash flow after a $1,708/mo obligation. Total monthly income equals $2,149/mo, and annual cash flow totals $1,209/yr on $115,694 invested. Return on cash invested prints 20.95% in year one, and rental yield reads 7.39% against a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,422 by year five. Five-year ROI reaches 108.03% and total cumulative return in cash sums $124,980. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,149/mo property income covering a $1,708/mo payment, not borrower’s personal income.
Manufactured
Built in 1989
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88346, Ruidoso Downs, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,994 (100%) |
| Owner Occupied HU | 962 (48.2%) |
| Renter Occupied HU | 443 (22.2%) |
| Vacant Housing Units | 589 (29.5%) |
| Median Home Value | $160,897 |
| Average Home Value | $267,578 |
Housing Distribution
Address Breakdown
Residential
829
Single Family
727
Multi-Family
102
Businesses
102
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Listed by: Shelley M. Mcalister • VYLLA Home
Mls Name: RLCMLS
Mls Provider:
Mls ID: #132259
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.