150 Midiron DrAltoNM88312
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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 Alto at 150 Midiron Dr, Alto, NM, 88312 offers $3,126/mo rent that, after a $7,219/mo payment. Total monthly income is $3,126/mo. Return on cash invested measures 6.48% in year one, and rental yield stands at 2.54% at a $1,475,000 entry. Equity gained on principal adds $9,518/yr while 5% annual appreciation compounds into $407,515 by year five. Five-year ROI records 30.3% and total cumulative return in cash reaches $144,826. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,126/mo property income versus a $7,219/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
0.34 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
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Listed by: James Scott Miller • Pinnacle Real Estate & Dev
Mls Name: RLCMLS
Mls ID: #131314