214 Metz Dr APT 242RuidosoNM88345
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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 Ruidoso at 214 Metz Dr APT 242, Ruidoso, NM, 88345 uses $113,107 cash to close to unlock $3,916/yr annual cash flow and $326/mo monthly cash flow. Total monthly income runs $2,329/mo, and a $1,670/mo payment keeps the spread at $326/mo. Purchase price stands at $341,199, and rental yield measures 8.19% with $2,329/mo rent. Return on cash invested shows 23.37% in year one, and 5% annual appreciation builds toward $94,267 over five years. Five-year ROI reaches 121.02% and total cumulative return in cash records $136,883. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,329/mo property income covering a $1,670/mo payment rather than investor’s personal income.
Condo
Built in 1981
N/A 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: Melinda Bower • Innsbrook Village CC & Resort
Mls Name: RLCMLS
Mls ID: #133476