33 Mulberry DrMimbresNM88049
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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 Mimbres at 33 Mulberry Dr, Mimbres, NM, 88049 uses $75,914 cash to close to unlock $765/yr annual cash flow and $64/mo monthly cash flow. Total monthly income runs $1,408/mo, and a $1,121/mo payment keeps the spread at $64/mo. Purchase price stands at $229,000, and rental yield measures 7.38% with $1,408/mo rent. Return on cash invested shows 20.92% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 107.83% and total cumulative return in cash records $81,857. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,408/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88049, Mimbres, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 391 (100%) |
| Owner Occupied HU | 242 (61.9%) |
| Renter Occupied HU | 34 ( 8.7%) |
| Vacant Housing Units | 115 (29.4%) |
| Median Home Value | $190,625 |
| Average Home Value | $292,686 |
Housing Distribution
Address Breakdown
Residential
300
Single Family
300
Multi-Family
0
Businesses
27
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Listed by: Lauren Gueswel • eXp Realty, LLC
Mls Name: SCRMLS
Mls ID: #41364