34 Halcon RdRamahNM87321
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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 Ramah at 34 Halcon Rd, Ramah, NM, 87321 priced at $299,000 converts $1,592/mo rent into after a $1,463/mo obligation. Total monthly income equals $1,592/mo. Return on cash invested prints 17.71% in year one, and rental yield reads 6.39% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 90.74% and total cumulative return in cash sums $89,938. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,592/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1997
5.64 Acres lot
$N/A/sqft
$230 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87321, Ramah, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 310 (100%) |
| Owner Occupied HU | 189 (61.0%) |
| Renter Occupied HU | 46 (14.8%) |
| Vacant Housing Units | 75 (24.2%) |
| Median Home Value | $213,806 |
| Average Home Value | $217,249 |
Housing Distribution
Address Breakdown
Residential
291
Single Family
291
Multi-Family
0
Businesses
53
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Listed by: Patricia G Anderson • Berkshire Hathaway Home Svc NM
Mls Name: SWMLS
Mls Provider:
Mls ID: #1084532
Disclaimer: Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumers personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.