345 N Washington AveCimarronNM87714
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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 Cimarron at 345 N Washington Ave, Cimarron, NM, 87714 uses $55,692 cash to close to unlock $8,174/yr annual cash flow and $681/mo monthly cash flow. Total monthly income runs $1,667/mo, and a $822/mo payment keeps the spread at $681/mo. Purchase price stands at $168,000, and rental yield measures 11.91% with $1,667/mo rent. Return on cash invested shows 34.59% in year one, and 5% annual appreciation builds toward $46,415 over five years. Five-year ROI reaches 181.2% and total cumulative return in cash records $100,913. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,667/mo property income covering a $822/mo payment rather than investor’s personal income.
Single Family
Built in N/A
4,892 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87714, Cimarron, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 894 (100%) |
| Owner Occupied HU | 420 (47.0%) |
| Renter Occupied HU | 130 (14.5%) |
| Vacant Housing Units | 344 (38.5%) |
| Median Home Value | $243,478 |
| Average Home Value | $421,792 |
Housing Distribution
Address Breakdown
Residential
256
Single Family
256
Multi-Family
0
Businesses
56
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Listed by: N/A • N/A
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