175 Meander 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 175 Meander Dr, Ruidoso, NM, 88345 earns $176/mo cash flow from $1,462/mo rent with a $1,047/mo payment. Total monthly income totals $1,462/mo, and annual cash flow totals $2,115/yr on $70,941 capital. ROI tracks 22.89% on current figures, and rental yield reads 8.2% at a $214,000 purchase. Equity gained on principal adds $1,381/yr, and 5% annual appreciation supports $59,124 over five years. Five-year ROI reaches 118.64% and total cumulative return in cash sums $84,167. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,462/mo property income instead of your personal income.
Single Family
Built in 1975
0.62 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris J. Tellez • Keller Williams Realty
Mls Name: SWMLS
Mls Provider:
Mls ID: #1080762
Disclaimer: Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumers personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.