1606 S 1st StTucumcariNM88401
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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
Investment property for sale in Tucumcari at 1606 S 1st St, Tucumcari, NM, 88401 offers a 7.54% rental yield on a $199,900 purchase with $1,256/mo rent. Total monthly income registers $1,256/mo, and a $978/mo payment leaves $83/mo available for distribution. Annual cash flow reaches $997/yr on $66,267 to close, and return on cash invested stands at 21.41% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 110.55% and total cumulative return in cash at $73,261. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,256/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1970
6,499 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88401, Tucumcari, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,727 (100%) |
| Owner Occupied HU | 1,978 (53.1%) |
| Renter Occupied HU | 943 (25.3%) |
| Vacant Housing Units | 806 (21.6%) |
| Median Home Value | $70,860 |
| Average Home Value | $122,792 |
Housing Distribution
Address Breakdown
Residential
2,877
Single Family
2,877
Multi-Family
0
Businesses
316
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Listed by: Kathy Segura • Re/Max First Place Realtors Clovis
Mls Name: New Mexico MLS
Mls ID: #20252614