2 John Deere RdMimbresNM88049
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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 Mimbres at 2 John Deere Rd, Mimbres, NM, 88049 priced at $575,900 converts $2,180/mo rent into after a $2,819/mo obligation. Total monthly income equals $2,180/mo. Return on cash invested prints 12.46% in year one, and rental yield reads 4.54% against a $575,900 entry. Equity gained on principal adds $3,716/yr, while 5% annual appreciation compiles into $159,111 by year five. Five-year ROI reaches 62.43% and total cumulative return in cash sums $118,289. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,180/mo property income covering a $2,819/mo payment, not borrower’s personal income.
Single Family
Built in 2004
2.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88049, Mimbres, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 391 (100%) |
| Owner Occupied HU | 242 (61.9%) |
| Renter Occupied HU | 34 ( 8.7%) |
| Vacant Housing Units | 115 (29.4%) |
| Median Home Value | $190,625 |
| Average Home Value | $292,686 |
Housing Distribution
Address Breakdown
Residential
300
Single Family
300
Multi-Family
0
Businesses
27
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Listed by: Lindsey Mckay • Berkshire Hathaway Home Services Enchanted Lands - Roswell
Mls Name: New Mexico MLS
Mls ID: #20254407