2324 Apache LnAlamogordoNM88310
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
Rental property for sale in Alamogordo at 2324 Apache Ln, Alamogordo, NM, 88310 generates $1,640/mo in rent and, after a $1,036/mo payment, leaves $398/mo in cash flow. Total monthly income is $1,640/mo, and annual cash flow is $4,771/yr on $70,185 invested. Return on cash invested sits at 26.71% in year one, and rental yield is 9.3% on a $211,720 entry. Equity gained on principal adds $1,366/yr, while 5% annual appreciation builds toward $58,494 over five years. Five-year ROI reaches 138.89% and total cumulative return in cash sums $97,480. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,640/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
7,579 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: Victoria Scragg • Better Homes & Gardens Real Estate- Steinborn & Associates (Alamogordo)
Mls Name: OCMLS
Mls Provider:
Mls ID: #171094
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.