211 Grove DrRuidosoNM88345
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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 Ruidoso at 211 Grove Dr, Ruidoso, NM, 88345 priced at $155,000 converts $1,169/mo rent into $259/mo cash flow after a $759/mo obligation. Total monthly income equals $1,169/mo, and annual cash flow totals $3,107/yr on $51,383 invested. Return on cash invested prints 25.95% in year one, and rental yield reads 9.05% against a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,824 by year five. Five-year ROI reaches 134.83% and total cumulative return in cash sums $69,280. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,169/mo property income covering a $759/mo payment, not borrower’s personal income.
Manufactured
Built in 1974
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88345, Ruidoso, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,209 (100%) |
| Owner Occupied HU | 2,960 (32.1%) |
| Renter Occupied HU | 1,086 (11.8%) |
| Vacant Housing Units | 5,163 (56.1%) |
| Median Home Value | $259,653 |
| Average Home Value | $394,541 |
Housing Distribution
Address Breakdown
Residential
3,516
Single Family
3,389
Multi-Family
127
Businesses
574
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Listed by: Karen Elizabeth Hofacket • Southern New Mexico Realty
Mls Name: RLCMLS
Mls Provider:
Mls ID: #132387
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.