276 Caballo BlancoMimbresNM88049
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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 Mimbres at 276 Caballo Blanco, Mimbres, NM, 88049 generates $2,564/mo in rent, after a $2,193/mo payment. Total monthly income is $2,564/mo. Return on cash invested sits at 19.38% in year one, and rental yield is 6.87% on a $448,000 entry. Equity gained on principal adds $2,891/yr, while 5% annual appreciation builds toward $123,774 over five years. Five-year ROI reaches 99.6% and total cumulative return in cash sums $147,914. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,564/mo property income rather than buyer’s personal income.
Condo
Built in 2001
1.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88049, Mimbres, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 391 (100%) |
| Owner Occupied HU | 242 (61.9%) |
| Renter Occupied HU | 34 ( 8.7%) |
| Vacant Housing Units | 115 (29.4%) |
| Median Home Value | $190,625 |
| Average Home Value | $292,686 |
Housing Distribution
Address Breakdown
Residential
300
Single Family
300
Multi-Family
0
Businesses
27
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Listed by: Alisha Forbito • Enchantment Realty
Mls Name: SCRMLS
Mls ID: #41173