302 Aspen CirCloudcroftNM88317
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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
Rental property for sale in Cloudcroft at 302 Aspen Cir, Cloudcroft, NM, 88317 generates $2,046/mo in rent and, after a $1,544/mo payment, leaves $194/mo in cash flow. Total monthly income is $2,046/mo, and annual cash flow is $2,333/yr on $104,588 invested. Return on cash invested sits at 22.14% in year one, and rental yield is 7.78% on a $315,500 entry. Equity gained on principal adds $2,036/yr, while 5% annual appreciation builds toward $87,167 over five years. Five-year ROI reaches 114.41% and total cumulative return in cash sums $119,658. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,046/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88317, Cloudcroft, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,782 (100%) |
| Owner Occupied HU | 856 (30.8%) |
| Renter Occupied HU | 144 ( 5.2%) |
| Vacant Housing Units | 1,782 (64.1%) |
| Median Home Value | $306,383 |
| Average Home Value | $374,416 |
Housing Distribution
Address Breakdown
Residential
799
Single Family
799
Multi-Family
0
Businesses
122
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Listed by: Skip Pridemore • Gary Mack Real Estate
Mls Name: OCMLS
Mls ID: #171232