360 State Highway 37NogalNM88341
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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
Total monthly income runs $0/mo, and a $2,100/mo payment. Purchase price stands at $429,000, and rental yield measures 0% with $0/mo rent. Return on cash invested shows -1.34% in year one, and 5% annual appreciation builds toward $118,525 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $0/mo property income covering a $2,100/mo payment rather than investor’s personal income.
Manufactured
Built in 1997
4.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88341, Nogal, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 457 (100%) |
| Owner Occupied HU | 292 (63.9%) |
| Renter Occupied HU | 36 ( 7.9%) |
| Vacant Housing Units | 129 (28.2%) |
| Median Home Value | $366,667 |
| Average Home Value | $458,014 |
Housing Distribution
Address Breakdown
Residential
298
Single Family
298
Multi-Family
0
Businesses
8
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No similar rental properties found nearby.
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Listed by: Harvey M Foster • Century 21 Aspen Real Estate
Mls Name: RLCMLS
Mls Provider:
Mls ID: #132620
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.