2 Cedar Ln #148QuemadoNM87829
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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 Quemado at 2 Cedar Ln #148, Quemado, NM, 87829 generates $0/mo in rent, after a $881/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -1.34% in year one, and rental yield is 0% on a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation builds toward $49,731 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Manufactured
Built in 1993
5.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87829, Quemado, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 601 (100%) |
| Owner Occupied HU | 262 (43.6%) |
| Renter Occupied HU | 39 ( 6.5%) |
| Vacant Housing Units | 300 (49.9%) |
| Median Home Value | $240,909 |
| Average Home Value | $247,719 |
Housing Distribution
Address Breakdown
Residential
349
Single Family
349
Multi-Family
0
Businesses
58
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No similar rental properties found nearby.
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Listed by: Jennifer Lee • CATRON COUNTY REALTY
Mls Name: My State MLS
Mls ID: #11608800