167 Midiron DrAltoNM88312
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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 Alto at 167 Midiron Dr, Alto, NM, 88312 uses $77,276 cash to close to unlock $20,385/yr annual cash flow and $1,699/mo monthly cash flow. Total monthly income runs $3,067/mo, and a $1,141/mo payment keeps the spread at $1,699/mo. Purchase price stands at $233,109, and rental yield measures 15.79% with $3,067/mo rent. Return on cash invested shows 46.29% in year one, and 5% annual appreciation builds toward $64,404 over five years. Five-year ROI reaches 243.86% and total cumulative return in cash records $188,447. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,067/mo property income covering a $1,141/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88312, Alto, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,990 (100%) |
| Owner Occupied HU | 1,147 (38.4%) |
| Renter Occupied HU | 107 ( 3.6%) |
| Vacant Housing Units | 1,736 (58.1%) |
| Median Home Value | $477,848 |
| Average Home Value | $603,330 |
Housing Distribution
Address Breakdown
Residential
1,363
Single Family
1,363
Multi-Family
0
Businesses
86
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A