16235 Highway 28La MesaNM88044
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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 La Mesa at 16235 Highway 28, La Mesa, NM, 88044 generates $770/mo in rent and, after a $489/mo payment, leaves $184/mo in cash flow. Total monthly income is $770/mo, and annual cash flow is $2,202/yr on $33,150 invested. Return on cash invested sits at 26.55% in year one, and rental yield is 9.24% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 138.15% and total cumulative return in cash sums $45,796. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $770/mo property income rather than buyer’s personal income.
Single Family
Built in 1898
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88044, La Mesa, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,356 (100%) |
| Owner Occupied HU | 983 (72.5%) |
| Renter Occupied HU | 236 (17.4%) |
| Vacant Housing Units | 137 (10.1%) |
| Median Home Value | $265,588 |
| Average Home Value | $275,206 |
Housing Distribution
Address Breakdown
Residential
871
Single Family
871
Multi-Family
0
Businesses
28
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Listed by: Betzabe Holguin Gardea • Summus Realty
Mls Name: GEPAR
Mls ID: #925961