349 State Highway 116BosqueNM87006
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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 Bosque at 349 State Highway 116, Bosque, NM, 87006 offers a 2.1% rental yield on a $1,200,000 purchase with $2,100/mo rent. 11% in year one. Equity gained on principal adds $7,743/yr while 5% annual appreciation supports $331,538 over five years. Portfolio math shows five-year ROI at 22.97% and total cumulative return in cash at $89,315. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,100/mo property income against a $5,873/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
31.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87006, Bosque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 272 (100%) |
| Owner Occupied HU | 211 (77.6%) |
| Renter Occupied HU | 29 (10.7%) |
| Vacant Housing Units | 32 (11.8%) |
| Median Home Value | $257,000 |
| Average Home Value | $323,009 |
Housing Distribution
Address Breakdown
Residential
151
Single Family
151
Multi-Family
0
Businesses
11
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Listed by: New Mexico Home Group • Jason Mitchell RE NM
Mls Name: SWMLS
Mls ID: #1086063