360 Lake Shore DrAltoNM88312
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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 Alto at 360 Lake Shore Dr, Alto, NM, 88312 at $749,900 posts ROI 13.62% with from $3,078/mo rent. Total monthly income equals $3,078/mo. Return on cash invested measures 13.62% and rental yield reads 4.93% at the current $749,900. Equity gained on principal adds $4,839/yr, and 5% annual appreciation supports $207,184 by year five. Five-year ROI prints 68.68% and total cumulative return in cash totals $169,450. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,078/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1976
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88312, Alto, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,990 (100%) |
| Owner Occupied HU | 1,147 (38.4%) |
| Renter Occupied HU | 107 ( 3.6%) |
| Vacant Housing Units | 1,736 (58.1%) |
| Median Home Value | $477,848 |
| Average Home Value | $603,330 |
Housing Distribution
Address Breakdown
Residential
1,363
Single Family
1,363
Multi-Family
0
Businesses
86
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Listed by: Charles Scott • Better Homes & Gardens Real Estate - Steinborn & Associates
Mls Name: RLCMLS
Mls ID: #132897