220 Lookout Dr #G-2RuidosoNM88345
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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
Total monthly income runs $2,755/mo, and a $1,953/mo payment. Purchase price stands at $399,000, and rental yield measures 8.29% with $2,755/mo rent. Return on cash invested shows 19.02% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 99.32% and total cumulative return in cash records $131,366. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,755/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
$1,533 quarterly 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: Sheri B. Rodgers • Rio Ruidoso Company
Mls Name: RLCMLS
Mls Provider:
Mls ID: #132566
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.