162 Spruce DrRuidosoNM88345
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ruidoso at 162 Spruce Dr, Ruidoso, NM, 88345 at $429,500 posts ROI 20.72% with $96/mo cash flow from $2,617/mo rent. Total monthly income equals $2,617/mo, and annual cash flow records $1,155/yr on $142,379 to close. Return on cash invested measures 20.72% and rental yield reads 7.31% at the current $429,500. Equity gained on principal adds $2,772/yr, and 5% annual appreciation supports $118,663 by year five. Five-year ROI prints 106.79% and total cumulative return in cash totals $152,054.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,617/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1982
0.27 Acres 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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Nearby investment properties with comparable prices
Listed by: Brett T Nichols • Black Gold Real Estate
Mls Name: RLCMLS
Mls ID: #133221