3016 Driver Rd SEDemingNM88030
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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 Deming at 3016 Driver Rd SE, Deming, NM, 88030 earns from $1,268/mo rent with a $1,077/mo payment. Total monthly income totals $1,268/mo. ROI tracks 19.52% on current figures, and rental yield reads 6.92% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 100.37% and total cumulative return in cash sums $73,199. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,268/mo property income instead of your personal income.
Single Family
Built in 2000
N/A 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
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Listed by: Michele Shillito • Corral Realty Group
Mls Name: New Mexico MLS
Mls ID: #20255508