409 Corbett StTruth 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
Rental property for sale in Truth Or Consequences at 409 Corbett St, Truth Or Consequences, NM, 87901 priced at $121,800 converts $1,074/mo rent into $359/mo cash flow after a $596/mo obligation. Total monthly income equals $1,074/mo, and annual cash flow totals $4,311/yr on $40,377 invested. Return on cash invested prints 30.59% in year one, and rental yield reads 10.58% against a $121,800 entry. Equity gained on principal adds $786/yr, while 5% annual appreciation compiles into $33,651 by year five. Five-year ROI reaches 159.77% and total cumulative return in cash sums $64,508. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,074/mo property income covering a $596/mo payment, not borrower’s personal income.
Single Family
Built in 1986
8,398 sqft 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: Omega Guzman • Sea Properties Ltd
Mls Name: New Mexico MLS
Mls ID: #20255868