408 W 8th AveTruth Or ConsequencesNM87901
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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 Truth Or Consequences at 408 W 8th Ave, Truth Or Consequences, NM, 87901 uses $43,095 cash to close to unlock $2,559/yr annual cash flow and $213/mo monthly cash flow. Total monthly income runs $976/mo, and a $636/mo payment keeps the spread at $213/mo. Purchase price stands at $130,000, and rental yield measures 9.01% with $976/mo rent. Return on cash invested shows 25.85% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 134.36% and total cumulative return in cash records $57,903. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $976/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87901, Truth Or Consequences, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,896 (100%) |
| Owner Occupied HU | 2,340 (47.8%) |
| Renter Occupied HU | 1,260 (25.7%) |
| Vacant Housing Units | 1,296 (26.5%) |
| Median Home Value | $114,193 |
| Average Home Value | $142,601 |
Housing Distribution
Address Breakdown
Residential
3,167
Single Family
3,091
Multi-Family
76
Businesses
373
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Listed by: Jason Vickers • Homesteaders Realty
Mls Name: New Mexico MLS
Mls ID: #20254792