303 Racquet Dr #4RuidosoNM88345
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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 at 303 Racquet Dr #4, Ruidoso, NM, 88345 offers a 8.97% rental yield on a $189,900 purchase with $1,420/mo rent. Total monthly income registers $1,420/mo, and a $929/mo payment leaves $306/mo available for distribution. Annual cash flow reaches $3,670/yr on $62,952 to close, and return on cash invested stands at 25.74% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 133.67% and total cumulative return in cash at $84,149. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,420/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88345, Ruidoso, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,209 (100%) |
| Owner Occupied HU | 2,960 (32.1%) |
| Renter Occupied HU | 1,086 (11.8%) |
| Vacant Housing Units | 5,163 (56.1%) |
| Median Home Value | $259,653 |
| Average Home Value | $394,541 |
Housing Distribution
Address Breakdown
Residential
3,516
Single Family
3,389
Multi-Family
127
Businesses
574
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Listed by: Gavin Bigger • Berkshire Hathaway Home Services Enchanted Lands, REALTORS - Ruidoso
Mls Name: RLCMLS
Mls ID: #133059