200 Black Range AveElephant ButteNM87935
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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 Elephant Butte at 200 Black Range Ave, Elephant Butte, NM, 87935 uses $46,079 cash to close to unlock $4,639/yr annual cash flow and $387/mo monthly cash flow. Total monthly income runs $1,208/mo, and a $680/mo payment keeps the spread at $387/mo. Purchase price stands at $139,000, and rental yield measures 10.43% with $1,208/mo rent. Return on cash invested shows 29.98% in year one, and 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 156.48% and total cumulative return in cash records $72,104. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,208/mo property income covering a $680/mo payment rather than investor’s personal income.
Single Family
Built in 1997
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87935, Elephant Butte, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,222 (100%) |
| Owner Occupied HU | 604 (49.4%) |
| Renter Occupied HU | 110 ( 9.0%) |
| Vacant Housing Units | 508 (41.6%) |
| Median Home Value | $209,091 |
| Average Home Value | $209,441 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
99
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Listed by: D. Elaine Johnson • Re/Max Classic Realty - Las Cruces
Mls Name: New Mexico MLS
Mls Provider:
Mls ID: #20252271
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange (IDX) program of the New Mexico Multi-Board MLS. Real Estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.