407 Plainview DrAlamogordoNM88310
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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 Alamogordo at 407 Plainview Dr, Alamogordo, NM, 88310 uses $38,123 cash to close to unlock $2,950/yr annual cash flow and $246/mo monthly cash flow. Total monthly income runs $921/mo, and a $563/mo payment keeps the spread at $246/mo. Purchase price stands at $115,000, and rental yield measures 9.61% with $921/mo rent. Return on cash invested shows 27.65% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 143.94% and total cumulative return in cash records $54,873. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $921/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1984
6,708 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88310, Alamogordo, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,175 (100%) |
| Owner Occupied HU | 10,695 (58.8%) |
| Renter Occupied HU | 5,517 (30.4%) |
| Vacant Housing Units | 1,963 (10.8%) |
| Median Home Value | $188,407 |
| Average Home Value | $235,554 |
Housing Distribution
Address Breakdown
Residential
16,748
Single Family
16,400
Multi-Family
348
Businesses
1,149
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