3013 Wedge Rd SEDemingNM88030
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 Deming at 3013 Wedge Rd SE, Deming, NM, 88030 generates $1,855/mo in rent and, after a $1,312/mo payment, leaves $282/mo in cash flow. Total monthly income is $1,855/mo, and annual cash flow is $3,380/yr on $88,842 invested. Return on cash invested sits at 23.71% in year one, and rental yield is 8.31% on a $268,000 entry. Equity gained on principal adds $1,729/yr, while 5% annual appreciation builds toward $74,043 over five years. Five-year ROI reaches 122.84% and total cumulative return in cash sums $109,137. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,855/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88030, Deming, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,963 (100%) |
| Owner Occupied HU | 6,416 (58.5%) |
| Renter Occupied HU | 2,946 (26.9%) |
| Vacant Housing Units | 1,601 (14.6%) |
| Median Home Value | $123,226 |
| Average Home Value | $155,194 |
Housing Distribution
Address Breakdown
Residential
9,158
Single Family
9,056
Multi-Family
102
Businesses
573
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gregory Jones • Coldwell Banker Legacy Elite
Mls Name: SNMMLS
Mls ID: #2502695