231 S Ridge RdSilver CityNM88061
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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
Rental property for sale in Silver City at 231 S Ridge Rd, Silver City, NM, 88061 generates $2,359/mo in rent and, after a $1,657/mo payment, leaves $372/mo in cash flow. Total monthly income is $2,359/mo, and annual cash flow is $4,464/yr on $112,213 invested. Return on cash invested sits at 23.89% in year one, and rental yield is 8.36% on a $338,500 entry. Equity gained on principal adds $2,184/yr, while 5% annual appreciation builds toward $93,521 over five years. Five-year ROI reaches 123.74% and total cumulative return in cash sums $138,855. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,359/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88061, Silver City, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,958 (100%) |
| Owner Occupied HU | 5,354 (59.8%) |
| Renter Occupied HU | 2,264 (25.3%) |
| Vacant Housing Units | 1,340 (15.0%) |
| Median Home Value | $217,889 |
| Average Home Value | $241,339 |
Housing Distribution
Address Breakdown
Residential
7,140
Single Family
6,980
Multi-Family
160
Businesses
597
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