205 Calle Del SolElephant ButteNM87935
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 Elephant Butte at 205 Calle Del Sol, Elephant Butte, NM, 87935 priced at $145,000 pairs $1,080/mo rent with $229/mo cash flow after a $710/mo payment. Total monthly income equals $1,080/mo, and annual cash flow comes to $2,743/yr on $48,068 invested. Return on cash invested is 25.62% in year one, and rental yield stands at 8.94% on a $145,000 basis. Equity gained on principal adds $936/yr, and 5% annual appreciation accumulates to $40,061 by year five. Five-year ROI measures 133.05% and total cumulative return in cash reaches $63,956. For financing, Ziffy Mortgage’s DSCR program evaluates $1,080/mo property income against a $710/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2006
5,401 sqft 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: Cathy Vickers • Homesteaders Realty
Mls Name: New Mexico MLS
Mls ID: #20253794