304 Cortez DrTularosaNM88352
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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 Tularosa at 304 Cortez Dr, Tularosa, NM, 88352 offers $1,370/mo rent that, after a $1,089/mo payment, leaves $64/mo cash flow. Total monthly income is $1,370/mo, and annual cash flow is $769/yr on $73,759 cash. Return on cash invested measures 20.95% in year one, and rental yield stands at 7.39% at a $222,500 entry. Equity gained on principal adds $1,436/yr while 5% annual appreciation compounds into $61,473 by year five. Five-year ROI records 108.08% and total cumulative return in cash reaches $79,720. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,370/mo property income versus a $1,089/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
1.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88352, Tularosa, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,505 (100%) |
| Owner Occupied HU | 1,694 (67.6%) |
| Renter Occupied HU | 415 (16.6%) |
| Vacant Housing Units | 396 (15.8%) |
| Median Home Value | $217,742 |
| Average Home Value | $255,108 |
Housing Distribution
Address Breakdown
Residential
1,962
Single Family
1,962
Multi-Family
0
Businesses
120
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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