411 W Broadway StSilver CityNM88061
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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 Silver City at 411 W Broadway St, Silver City, NM, 88061 offers $3,553/mo rent that, after a $4,841/mo payment. Total monthly income is $3,553/mo. Return on cash invested measures 11.75% in year one, and rental yield stands at 4.31% at a $989,000 entry. Equity gained on principal adds $6,382/yr while 5% annual appreciation compounds into $273,242 by year five. Five-year ROI records 58.65% and total cumulative return in cash reaches $190,830. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,553/mo property income versus a $4,841/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1883
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88061, Silver City, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,958 (100%) |
| Owner Occupied HU | 5,354 (59.8%) |
| Renter Occupied HU | 2,264 (25.3%) |
| Vacant Housing Units | 1,340 (15.0%) |
| Median Home Value | $217,889 |
| Average Home Value | $241,339 |
Housing Distribution
Address Breakdown
Residential
7,140
Single Family
6,980
Multi-Family
160
Businesses
597
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Listed by: Edward Valenzuela • Coldwell Banker Legacy Elite
Mls Name: SNMMLS
Mls ID: #2503462