219 Hallmark StElephant 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
Rental property for sale in Elephant Butte at 219 Hallmark St, Elephant Butte, NM, 87935 offers $1,080/mo rent that, after a $972/mo payment. Total monthly income is $1,080/mo. Return on cash invested measures 18.35% in year one, and rental yield stands at 6.53% at a $198,500 entry. Equity gained on principal adds $1,281/yr while 5% annual appreciation compounds into $54,842 by year five. Five-year ROI records 94.09% and total cumulative return in cash reaches $61,913. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,080/mo property income versus a $972/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
0.27 Acres 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: Andrea Freeman • Desert Lakes Realty
Mls Name: New Mexico MLS
Mls ID: #20254282