2024 S 8th StTucumcariNM88401
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Tucumcari at 2024 S 8th St, Tucumcari, NM, 88401 generates $2,075/mo in rent and, after a $811/mo payment, leaves $1,096/mo in cash flow. Total monthly income is $2,075/mo, and annual cash flow is $13,154/yr on $54,896 invested. Return on cash invested sits at 43.87% in year one, and rental yield is 15.04% on a $165,600 entry. Equity gained on principal adds $1,069/yr, while 5% annual appreciation builds toward $45,752 over five years. Five-year ROI reaches 231.07% and total cumulative return in cash sums $126,848. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,075/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
7,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88401, Tucumcari, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,727 (100%) |
| Owner Occupied HU | 1,978 (53.1%) |
| Renter Occupied HU | 943 (25.3%) |
| Vacant Housing Units | 806 (21.6%) |
| Median Home Value | $70,860 |
| Average Home Value | $122,792 |
Housing Distribution
Address Breakdown
Residential
2,877
Single Family
2,877
Multi-Family
0
Businesses
316
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A