161 W Frontage RdLemitarNM87823
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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 Lemitar at 161 W Frontage Rd, Lemitar, NM, 87823 with 5% annual appreciation on a $322,200 basis while $0/mo rent supports operations. 34% in year one. Equity gained on principal adds $2,079/yr, and five-year appreciation sums $89,018 alongside rental yield of 0%. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $0/mo property income versus a $1,577/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1985
4.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87823, Lemitar, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 237 (100%) |
| Owner Occupied HU | 187 (78.9%) |
| Renter Occupied HU | 32 (13.5%) |
| Vacant Housing Units | 18 ( 7.6%) |
| Median Home Value | $192,763 |
| Average Home Value | $251,297 |
Housing Distribution
Address Breakdown
Residential
108
Single Family
108
Multi-Family
0
Businesses
10
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Listed by: Amarah Hindi • HomeSmart Realty Pros
Mls Name: SWMLS
Mls ID: #1093435