308 10th StCarrizozoNM88301
Nearby investment properties with comparable rents
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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 Carrizozo at 308 10th St, Carrizozo, NM, 88301 generates $1,276/mo in rent and, after a $783/mo payment, leaves $337/mo in cash flow. Total monthly income is $1,276/mo, and annual cash flow is $4,044/yr on $53,040 invested. Return on cash invested sits at 27.53% in year one, and rental yield is 9.57% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 143.31% and total cumulative return in cash sums $76,010. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,276/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88301, Carrizozo, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 796 (100%) |
| Owner Occupied HU | 493 (61.9%) |
| Renter Occupied HU | 132 (16.6%) |
| Vacant Housing Units | 171 (21.5%) |
| Median Home Value | $96,765 |
| Average Home Value | $184,899 |
Housing Distribution
Address Breakdown
Residential
103
Single Family
103
Multi-Family
0
Businesses
68
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Listed by: Lily M Mendenall • Future Real Estate
Mls Name: RLCMLS
Mls ID: #132855