150 Spruce DrRuidosoNM88345
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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 at 150 Spruce Dr, Ruidoso, NM, 88345 offers $2,216/mo rent that, after a $1,379/mo payment, leaves $562/mo cash flow. Total monthly income is $2,216/mo, and annual cash flow is $6,747/yr on $93,417 cash. Return on cash invested measures 27.13% in year one, and rental yield stands at 9.44% at a $281,800 entry. Equity gained on principal adds $1,818/yr while 5% annual appreciation compounds into $77,856 by year five. Five-year ROI records 141.2% and total cumulative return in cash reaches $131,902. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,216/mo property income versus a $1,379/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88345, Ruidoso, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,209 (100%) |
| Owner Occupied HU | 2,960 (32.1%) |
| Renter Occupied HU | 1,086 (11.8%) |
| Vacant Housing Units | 5,163 (56.1%) |
| Median Home Value | $259,653 |
| Average Home Value | $394,541 |
Housing Distribution
Address Breakdown
Residential
3,516
Single Family
3,389
Multi-Family
127
Businesses
574
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Listed by: N/A • N/A
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