2373 Old Red River RdQuestaNM87556
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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 Questa at 2373 Old Red River Rd, Questa, NM, 87556 uses $140,888 cash to close to unlock $836/yr annual cash flow and $70/mo monthly cash flow. Total monthly income runs $2,564/mo, and a $2,080/mo payment keeps the spread at $70/mo. Purchase price stands at $425,000, and rental yield measures 7.24% with $2,564/mo rent. Return on cash invested shows 20.5% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 105.61% and total cumulative return in cash records $148,793. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,564/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87556, Questa, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,596 (100%) |
| Owner Occupied HU | 1,012 (63.4%) |
| Renter Occupied HU | 189 (11.8%) |
| Vacant Housing Units | 395 (24.7%) |
| Median Home Value | $305,263 |
| Average Home Value | $383,676 |
Housing Distribution
Address Breakdown
Residential
231
Single Family
231
Multi-Family
0
Businesses
48
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Listed by: Kathryn Pierce • Calhoun Real Estate
Mls Name: Enchanted Circle
Mls ID: #113943