254 Grant AveRatonNM87740
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 Raton at 254 Grant Ave, Raton, NM, 87740 priced at $250,000 pairs $1,232/mo rent with after a $1,224/mo payment. Total monthly income equals $1,232/mo. Return on cash invested is 16.5% in year one, and rental yield stands at 5.91% on a $250,000 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 84.17% and total cumulative return in cash reaches $69,754. For financing, Ziffy Mortgage’s DSCR program evaluates $1,232/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2023
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87740, Raton, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,890 (100%) |
| Owner Occupied HU | 2,235 (57.5%) |
| Renter Occupied HU | 931 (23.9%) |
| Vacant Housing Units | 724 (18.6%) |
| Median Home Value | $157,876 |
| Average Home Value | $210,994 |
Housing Distribution
Address Breakdown
Residential
3,110
Single Family
3,101
Multi-Family
9
Businesses
363
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica Roybal • Willow Springs Realty & Property Management LLC
Mls Name: NY State MLS
Mls ID: #11365214