1707 N Virginia StSilver CityNM88061
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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 Silver City at 1707 N Virginia St, Silver City, NM, 88061 uses $49,062 cash to close to unlock $3,392/yr annual cash flow and $283/mo monthly cash flow. Total monthly income runs $1,151/mo, and a $724/mo payment keeps the spread at $283/mo. Purchase price stands at $148,000, and rental yield measures 9.33% with $1,151/mo rent. Return on cash invested shows 26.82% in year one, and 5% annual appreciation builds toward $40,890 over five years. Five-year ROI reaches 139.52% and total cumulative return in cash records $68,450. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,151/mo property income covering a $724/mo payment rather than investor’s personal income.
Single Family
Built in 1950
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88061, Silver City, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,958 (100%) |
| Owner Occupied HU | 5,354 (59.8%) |
| Renter Occupied HU | 2,264 (25.3%) |
| Vacant Housing Units | 1,340 (15.0%) |
| Median Home Value | $217,889 |
| Average Home Value | $241,339 |
Housing Distribution
Address Breakdown
Residential
7,140
Single Family
6,980
Multi-Family
160
Businesses
597
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Listed by: Samilla Andrews • Saenz & Smith Real Estate, Co
Mls Name: SCRMLS
Mls ID: #41451