201 Main St #120Red RiverNM87558
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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 Red River at 201 Main St #120, Red River, NM, 87558 listed at $179,000 pairs $1,584/mo rent with a $876/mo payment to leave $281/mo cash flow. Total monthly income runs $1,584/mo, and annual cash flow reaches $3,378/yr on $59,339 cash to close. Return on cash invested measures 25.6% in year one, and rental yield registers 10.62% at a $179,000 basis. Equity gained on principal adds $1,155/yr, and annual property appreciation at 5% supports $49,454 by year five. Five-year ROI tracks 134.83% and total cumulative return in cash totals $80,007. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,584/mo property income relative to a $876/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in N/A
N/A lot
$N/A/sqft
$252 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87558, Red River, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,401 (100%) |
| Owner Occupied HU | 230 (16.4%) |
| Renter Occupied HU | 106 ( 7.6%) |
| Vacant Housing Units | 1,065 (76.0%) |
| Median Home Value | $435,484 |
| Average Home Value | $435,859 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
84
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Listed by: Cimarron Dugas • M Realty
Mls Name: TCAR
Mls Provider:
Mls ID: #111998
Disclaimer: The data relating to real estate for sale in this web site come in part from the Internet Data exchange ("IDX") program of TCAR MLS, Inc. 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.