220 Lookout Drive #D2RuidosoNM88345
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Drive #D2, Ruidoso, NM, 88345 listed at $264,900 pairs $1,691/mo rent with a $1,297/mo payment to leave $136/mo cash flow. Total monthly income runs $1,691/mo, and annual cash flow reaches $1,629/yr on $87,814 cash to close. Return on cash invested measures 21.76% in year one, and rental yield registers 7.66% at a $264,900 basis. Equity gained on principal adds $1,709/yr, and annual property appreciation at 5% supports $73,187 by year five. Five-year ROI tracks 112.36% and total cumulative return in cash totals $98,672. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,691/mo property income relative to a $1,297/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1974
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sheri B. Rodgers • Rio Ruidoso Company
Mls Name: RLCMLS
Mls ID: #133157