200 Shingle Canyon RdHanoverNM88041
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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 Hanover at 200 Shingle Canyon Rd, Hanover, NM, 88041 priced at $700,000 pairs $1,800/mo rent with after a $3,426/mo payment. Total monthly income equals $1,800/mo. Return on cash invested is 8.03% in year one, and rental yield stands at 3.09% on a $700,000 basis. Equity gained on principal adds $4,517/yr, and 5% annual appreciation accumulates to $193,397 by year five. Five-year ROI measures 38.7% and total cumulative return in cash reaches $89,128. For financing, Ziffy Mortgage’s DSCR program evaluates $1,800/mo property income against a $3,426/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
20.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88041, Hanover, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 545 (100%) |
| Owner Occupied HU | 371 (68.1%) |
| Renter Occupied HU | 58 (10.6%) |
| Vacant Housing Units | 116 (21.3%) |
| Median Home Value | $177,134 |
| Average Home Value | $237,635 |
Housing Distribution
Address Breakdown
Residential
340
Single Family
340
Multi-Family
0
Businesses
5
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Listed by: Daniel D Cook • Better Homes and Gardens Real Estate | Silver City
Mls Name: SCRMLS
Mls ID: #41219