19 Wagon Wheel LnSilver 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
Rental property for sale in Silver City at 19 Wagon Wheel Ln, Silver City, NM, 88061 priced at $470,000 converts $1,800/mo rent into after a $2,300/mo obligation. Total monthly income equals $1,800/mo. Return on cash invested prints 12.53% in year one, and rental yield reads 4.6% against a $470,000 entry. Equity gained on principal adds $3,033/yr, while 5% annual appreciation compiles into $129,852 by year five. Five-year ROI reaches 62.85% and total cumulative return in cash sums $97,917. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $2,300/mo payment, not borrower’s personal income.
Single Family
Built in 1999
3.26 Acres 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: Margaret "Peggy" Humble • Wagon Wheel Realty
Mls Name: SCRMLS
Mls Provider:
Mls ID: #41076
Disclaimer: Some of the information contained herein has been provided by the SCRMLS, Inc. This information is from sources deemed reliable and not guaranteed by SCRMLS, Inc. The information is for consumers personal, non-commercial use and may not be used for any purposes other than identifying properties which consumers may be interested in purchasing.