290 Florida AveLa MesaNM88044
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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 La Mesa at 290 Florida Ave, La Mesa, NM, 88044 earns $221/mo cash flow from $984/mo rent with a $636/mo payment. Total monthly income totals $984/mo, and annual cash flow totals $2,656/yr on $43,062 capital. ROI tracks 26.08% on current figures, and rental yield reads 9.09% at a $129,900 purchase. Equity gained on principal adds $838/yr, and 5% annual appreciation supports $35,889 over five years. Five-year ROI reaches 135.56% and total cumulative return in cash sums $58,375. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $984/mo property income instead of your personal income.
Single Family
Built in 1946
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88044, La Mesa, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,356 (100%) |
| Owner Occupied HU | 983 (72.5%) |
| Renter Occupied HU | 236 (17.4%) |
| Vacant Housing Units | 137 (10.1%) |
| Median Home Value | $265,588 |
| Average Home Value | $275,206 |
Housing Distribution
Address Breakdown
Residential
871
Single Family
871
Multi-Family
0
Businesses
28
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Listed by: Michael D Carvlin • BHGRE Steinborn & Associates
Mls Name: SNMMLS
Mls ID: #2503335