402 Cheyenne RdLoganNM88426
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Logan rental at 402 Cheyenne Rd, Logan, NM, 88426 sits in the solid-income band: 8.19% gross yield, $2,389/mo rent, $335/mo net after the $1,574/mo debt service, DSCR 1.52. Entry price of $350,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $96,699 and $3,224/yr in principal reduction bring total cumulative return to $153,763.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 6.2% |
| Monthly Cash Flow | $335 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,389 |
| Total Monthly Debt Service | $1,915 |
| DSCR Ratio | 1.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 2006
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88426, Logan, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,078 (100%) |
| Owner Occupied HU | 400 (37.1%) |
| Renter Occupied HU | 93 ( 8.6%) |
| Vacant Housing Units | 585 (54.3%) |
| Median Home Value | $102,594 |
| Average Home Value | $139,806 |
Housing Distribution
Address Breakdown
Residential
303
Single Family
303
Multi-Family
0
Businesses
48
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 2006
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88426, Logan, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,078 (100%) |
| Owner Occupied HU | 400 (37.1%) |
| Renter Occupied HU | 93 ( 8.6%) |
| Vacant Housing Units | 585 (54.3%) |
| Median Home Value | $102,594 |
| Average Home Value | $139,806 |
Housing Distribution
Address Breakdown
Residential
303
Single Family
303
Multi-Family
0
Businesses
48
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tj Smith • Ute Lake Premier Properties, LLC
Mls Name: New Mexico MLS
Mls Provider:
Mls ID: #20243550
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange (IDX) program of the New Mexico Multi-Board MLS. Real Estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.