23 Road 6690FruitlandNM87416
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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 Fruitland at 23 Road 6690, Fruitland, NM, 87416 uses $99,119 cash to close to unlock $6,150/yr annual cash flow and $512/mo monthly cash flow. Total monthly income runs $2,267/mo, and a $1,463/mo payment keeps the spread at $512/mo. Purchase price stands at $299,000, and rental yield measures 9.1% with $2,267/mo rent. Return on cash invested shows 26.11% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 135.69% and total cumulative return in cash records $134,494. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,267/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Manufactured
Built in 2002
2.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87416, Fruitland, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 488 (100%) |
| Owner Occupied HU | 353 (72.3%) |
| Renter Occupied HU | 96 (19.7%) |
| Vacant Housing Units | 39 ( 8.0%) |
| Median Home Value | $188,782 |
| Average Home Value | $203,038 |
Housing Distribution
Address Breakdown
Residential
121
Single Family
105
Multi-Family
16
Businesses
55
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Listed by: Benjamin P Lyons • RE/MAX of Farmington
Mls Name: SJCMLS
Mls ID: #25-1122