403 Chavez LnSilver CityNM88061
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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
Rental property for sale in Silver City at 403 Chavez Ln, Silver City, NM, 88061 priced at $359,900 pairs $1,800/mo rent with after a $1,762/mo payment. Total monthly income equals $1,800/mo. Return on cash invested is 16.76% in year one, and rental yield stands at 6% on a $359,900 basis. Equity gained on principal adds $2,322/yr, and 5% annual appreciation accumulates to $99,434 by year five. Five-year ROI measures 85.59% and total cumulative return in cash reaches $102,110. For financing, Ziffy Mortgage’s DSCR program evaluates $1,800/mo property income against a $1,762/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88061, Silver City, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,958 (100%) |
| Owner Occupied HU | 5,354 (59.8%) |
| Renter Occupied HU | 2,264 (25.3%) |
| Vacant Housing Units | 1,340 (15.0%) |
| Median Home Value | $217,889 |
| Average Home Value | $241,339 |
Housing Distribution
Address Breakdown
Residential
7,140
Single Family
6,980
Multi-Family
160
Businesses
597
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Listed by: Daniel D Cook • Better Homes and Gardens Real Estate | Silver City
Mls Name: SCRMLS
Mls Provider:
Mls ID: #40571
Disclaimer: Some of the information contained herein has been provided by the SCRMLS, Inc. This information is from sources deemed reliable and not guaranteed by SCRMLS, Inc. The information is for consumers personal, non-commercial use and may not be used for any purposes other than identifying properties which consumers may be interested in purchasing.