220 Lookout 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
Investment property for sale in Ruidoso at 220 Lookout Dr, Ruidoso, NM, 88345 with 5% annual appreciation on a $407,400 basis while $3,121/mo rent supports operations. Total monthly income totals $3,121/mo and a $1,994/mo payment preserves $481/mo for cash returns. Annual cash flow comes to $5,769/yr on $135,053 deployed, and return on cash invested reaches 24.18% in year one. Equity gained on principal adds $2,629/yr, and five-year appreciation sums $112,557 alongside rental yield of 9.19%. Five-year ROI measures 126.12% and total cumulative return in cash totals $170,327.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,121/mo property income versus a $1,994/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1974
8.88 Acres lot
$N/A/sqft
$249 monthly 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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