404 W 3rd StCapitanNM88316
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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 Capitan at 404 W 3rd St, Capitan, NM, 88316 priced at $283,000 converts $1,913/mo rent into $252/mo cash flow after a $1,385/mo obligation. Total monthly income equals $1,913/mo, and annual cash flow totals $3,025/yr on $93,815 invested. Return on cash invested prints 23.13% in year one, and rental yield reads 8.11% against a $283,000 entry. Equity gained on principal adds $1,826/yr, while 5% annual appreciation compiles into $78,188 by year five. Five-year ROI reaches 119.75% and total cumulative return in cash sums $112,347. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,913/mo property income covering a $1,385/mo payment, not borrower’s personal income.
Single Family
Built in 1977
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88316, Capitan, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,304 (100%) |
| Owner Occupied HU | 871 (66.8%) |
| Renter Occupied HU | 160 (12.3%) |
| Vacant Housing Units | 273 (20.9%) |
| Median Home Value | $220,045 |
| Average Home Value | $326,917 |
Housing Distribution
Address Breakdown
Residential
244
Single Family
244
Multi-Family
0
Businesses
52
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