2302 Princeton AveAlamogordoNM88310
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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 Alamogordo at 2302 Princeton Ave, Alamogordo, NM, 88310 uses $65,306 cash to close to unlock $6,047/yr annual cash flow and $504/mo monthly cash flow. Total monthly income runs $1,660/mo, and a $964/mo payment keeps the spread at $504/mo. Purchase price stands at $197,000, and rental yield measures 10.11% with $1,660/mo rent. Return on cash invested shows 29.17% in year one, and 5% annual appreciation builds toward $54,427 over five years. Five-year ROI reaches 152.06% and total cumulative return in cash records $99,302. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,660/mo property income covering a $964/mo payment rather than investor’s personal income.
Single Family
Built in 1977
6,011 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88310, Alamogordo, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,175 (100%) |
| Owner Occupied HU | 10,695 (58.8%) |
| Renter Occupied HU | 5,517 (30.4%) |
| Vacant Housing Units | 1,963 (10.8%) |
| Median Home Value | $188,407 |
| Average Home Value | $235,554 |
Housing Distribution
Address Breakdown
Residential
16,748
Single Family
16,400
Multi-Family
348
Businesses
1,149
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Listed by: Ellie Smith • Future Real Estate
Mls Name: OCMLS
Mls ID: #171674