240 Bitter Creek RdRed RiverNM87558
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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 Red River at 240 Bitter Creek Rd, Red River, NM, 87558 priced at $389,000 pairs $0/mo rent with after a $1,904/mo payment. Total monthly income equals $0/mo. Return on cash invested is -1.34% in year one, and rental yield stands at 0% on a $389,000 basis. Equity gained on principal adds $2,510/yr, and 5% annual appreciation accumulates to $107,474 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $1,904/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87558, Red River, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,401 (100%) |
| Owner Occupied HU | 230 (16.4%) |
| Renter Occupied HU | 106 ( 7.6%) |
| Vacant Housing Units | 1,065 (76.0%) |
| Median Home Value | $435,484 |
| Average Home Value | $435,859 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
84
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No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Cimarron Dugas • M Realty
Mls Name: Enchanted Circle
Mls ID: #113118