328 Utah 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
Rental property for sale in Ruidoso Downs at 328 Utah Ln, Ruidoso Downs, NM, 88346 priced at $189,000 pairs $1,849/mo rent with $740/mo cash flow after a $925/mo payment. Total monthly income equals $1,849/mo, and annual cash flow comes to $8,877/yr on $62,654 invested. Return on cash invested is 34.08% in year one, and rental yield stands at 11.74% on a $189,000 basis. Equity gained on principal adds $1,220/yr, and 5% annual appreciation accumulates to $52,217 by year five. Five-year ROI measures 178.43% and total cumulative return in cash reaches $111,790. For financing, Ziffy Mortgage’s DSCR program evaluates $1,849/mo property income against a $925/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1980
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: Frankie Leigh Reynolds • Better Homes & Gardens Real Estate - Steinborn & Associates
Mls Name: RLCMLS
Mls Provider:
Mls ID: #132655
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.