303 Nevada LnRuidoso DownsNM88346
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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 Ruidoso Downs at 303 Nevada Ln, Ruidoso Downs, NM, 88346 uses $34,808 cash to close to unlock $2,143/yr annual cash flow and $179/mo monthly cash flow. Total monthly income runs $795/mo, and a $514/mo payment keeps the spread at $179/mo. Purchase price stands at $105,000, and rental yield measures 9.09% with $795/mo rent. Return on cash invested shows 26.07% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 135.49% and total cumulative return in cash records $47,162. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $795/mo property income covering a $514/mo payment rather than investor’s personal income.
Manufactured
Built in 1988
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88346, Ruidoso Downs, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,994 (100%) |
| Owner Occupied HU | 962 (48.2%) |
| Renter Occupied HU | 443 (22.2%) |
| Vacant Housing Units | 589 (29.5%) |
| Median Home Value | $160,897 |
| Average Home Value | $267,578 |
Housing Distribution
Address Breakdown
Residential
829
Single Family
727
Multi-Family
102
Businesses
102
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Listed by: Margaret A. Marx • Pinnacle Real Estate & Dev
Mls Name: RLCMLS
Mls ID: #133475