277 E Cheyenne RdDexterNM88230
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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 Dexter at 277 E Cheyenne Rd, Dexter, NM, 88230 uses $67,958 cash to close to unlock $4,489/yr annual cash flow and $374/mo monthly cash flow. Total monthly income runs $1,577/mo, and a $1,003/mo payment keeps the spread at $374/mo. Purchase price stands at $205,000, and rental yield measures 9.23% with $1,577/mo rent. Return on cash invested shows 26.52% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 137.9% and total cumulative return in cash records $93,714. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,577/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Manufactured
Built in 1993
19.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88230, Dexter, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,777 (100%) |
| Owner Occupied HU | 1,198 (67.4%) |
| Renter Occupied HU | 349 (19.6%) |
| Vacant Housing Units | 230 (12.9%) |
| Median Home Value | $162,356 |
| Average Home Value | $192,124 |
Housing Distribution
Address Breakdown
Residential
1,105
Single Family
1,105
Multi-Family
0
Businesses
76
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Listed by: Connie Roork • Dynamic Properties Of New Mexico
Mls Name: New Mexico MLS
Mls ID: #20235640