2770 State Highway 35HanoverNM88041
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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 Hanover at 2770 State Highway 35, Hanover, NM, 88041 listed at $289,000 pairs $2,185/mo rent with a $1,415/mo payment to leave $488/mo cash flow. Total monthly income runs $2,185/mo, and annual cash flow reaches $5,859/yr on $95,804 cash to close. Return on cash invested measures 26.02% in year one, and rental yield registers 9.07% at a $289,000 basis. Equity gained on principal adds $1,865/yr, and annual property appreciation at 5% supports $79,845 by year five. Five-year ROI tracks 135.25% and total cumulative return in cash totals $129,578. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,185/mo property income relative to a $1,415/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1980
2.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88041, Hanover, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 545 (100%) |
| Owner Occupied HU | 371 (68.1%) |
| Renter Occupied HU | 58 (10.6%) |
| Vacant Housing Units | 116 (21.3%) |
| Median Home Value | $177,134 |
| Average Home Value | $237,635 |
Housing Distribution
Address Breakdown
Residential
340
Single Family
340
Multi-Family
0
Businesses
5
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Listed by: Melissa Robinson • Cripple Creek Realty, LLC
Mls Name: SNMMLS
Mls ID: #2503870