236 Hemlock CirRuidosoNM88345
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 Ruidoso at 236 Hemlock Cir, Ruidoso, NM, 88345 priced at $259,900 converts $1,853/mo rent into $328/mo cash flow after a $1,272/mo obligation. Total monthly income equals $1,853/mo, and annual cash flow totals $3,931/yr on $86,157 invested. Return on cash invested prints 24.47% in year one, and rental yield reads 8.56% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 126.9% and total cumulative return in cash sums $109,330. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,853/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Manufactured
Built in 2022
8,712 sqft 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: Curtis Hunt • Zia Real Estate
Mls Name: RLCMLS
Mls ID: #132532