408 State Highway 111VallecitosNM87581
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 408 State Highway 111, Vallecitos, NM, 87581 in Vallecitos worth study. Rental yield 4.29%. The 4.29% gross yield is below cash-flow benchmarks at $1,450,000, but 5% annual appreciation, adding $400,608 over five years, frames this as a capital growth position. Rent of $5,184/mo partially offsets the $6,520/mo payment. Ziffy Mortgage finances appreciation-play properties (0.80 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $333,750.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 4.3% | 6.2% |
| Monthly Cash Flow | $(3,327) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $5,184 |
| Total Monthly Debt Service | $7,934 |
| DSCR Ratio | 0.65x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Townhouse
Built in 2002
7 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87581, Vallecitos, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 433 (100%) |
| Owner Occupied HU | 229 (52.9%) |
| Renter Occupied HU | 41 ( 9.5%) |
| Vacant Housing Units | 163 (37.6%) |
| Median Home Value | $225,000 |
| Average Home Value | $270,557 |
Housing Distribution
Address Breakdown
Residential
33
Single Family
33
Multi-Family
0
Businesses
4
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Townhouse
Built in 2002
7 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87581, Vallecitos, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 433 (100%) |
| Owner Occupied HU | 229 (52.9%) |
| Renter Occupied HU | 41 ( 9.5%) |
| Vacant Housing Units | 163 (37.6%) |
| Median Home Value | $225,000 |
| Average Home Value | $270,557 |
Housing Distribution
Address Breakdown
Residential
33
Single Family
33
Multi-Family
0
Businesses
4
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: David Cordova • Sotheby's Int. RE/Grant
Mls Name: SFARMLS
Mls Provider:
Mls ID: #202400749
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (IDX) program of SFAR MLS, Inc. 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.