218 Highway 228MesquiteNM88048
Nearby investment properties with comparable rents
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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 Mesquite at 218 Highway 228, Mesquite, NM, 88048 listed at $280,000 pairs $1,423/mo rent with a $1,370/mo payment. Total monthly income runs $1,423/mo. Return on cash invested measures 17.06% in year one, and rental yield registers 6.1% at a $280,000 basis. Equity gained on principal adds $1,807/yr, and annual property appreciation at 5% supports $77,359 by year five. Five-year ROI tracks 87.16% and total cumulative return in cash totals $80,901. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,423/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1969
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88048, Mesquite, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,312 (100%) |
| Owner Occupied HU | 955 (72.8%) |
| Renter Occupied HU | 248 (18.9%) |
| Vacant Housing Units | 109 ( 8.3%) |
| Median Home Value | $98,793 |
| Average Home Value | $151,487 |
Housing Distribution
Address Breakdown
Residential
403
Single Family
403
Multi-Family
0
Businesses
29
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Listed by: Christina Dianne De La Torre • Keller Williams Realty
Mls Name: SNMMLS
Mls ID: #2600224