206 Tierra Verde CirElephant 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 206 Tierra Verde Cir, Elephant Butte, NM, 87935 with 5% annual appreciation on a $489,000 basis while $2,318/mo rent supports operations. 82% in year one. Equity gained on principal adds $3,155/yr, and five-year appreciation sums $135,102 alongside rental yield of 5.69%. Five-year ROI measures 80.53% and total cumulative return in cash totals $130,546. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,318/mo property income versus a $2,393/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2013
9,583 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: Cheryl Shipley • Rio Mesa Realty
Mls Name: New Mexico MLS
Mls ID: #20256273