407 Grayling LnLoganNM88426
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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 Logan at 407 Grayling Ln, Logan, NM, 88426 uses $33,150 cash to close to unlock $2,118/yr annual cash flow and $177/mo monthly cash flow. Total monthly income runs $763/mo, and a $489/mo payment keeps the spread at $177/mo. Purchase price stands at $100,000, and rental yield measures 9.16% with $763/mo rent. Return on cash invested shows 26.3% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 136.77% and total cumulative return in cash records $45,340. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $763/mo property income covering a $489/mo payment rather than investor’s personal income.
Manufactured
Built in 2000
0.25 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
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Listed by: Viola Terry • Terry Real Estate
Mls Name: My State MLS
Mls ID: #11244517