174 Meander DrRuidosoNM88345
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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 Ruidoso at 174 Meander Dr, Ruidoso, NM, 88345 with 5% annual appreciation on a $630,000 basis while $3,401/mo rent supports operations. 34% in year one. Equity gained on principal adds $4,065/yr, and five-year appreciation sums $174,057 alongside rental yield of 6.48%. Five-year ROI measures 93.97% and total cumulative return in cash totals $194,770. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,401/mo property income versus a $3,084/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1964
0.43 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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Listed by: Angie R Olivas • Cozy Cabins Real Estate DBA NM Homes & Land
Mls Name: RLCMLS
Mls Provider:
Mls ID: #132465
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.