415 Locust 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 415 Locust St, Truth Or Consequences, NM, 87901 offers $1,580/mo rent that, after a $825/mo payment, leaves $591/mo cash flow. Total monthly income is $1,580/mo, and annual cash flow is $7,089/yr on $55,858 cash. Return on cash invested measures 32.6% in year one, and rental yield stands at 11.25% at a $168,500 entry. Equity gained on principal adds $1,087/yr while 5% annual appreciation compounds into $46,553 by year five. Five-year ROI records 170.5% and total cumulative return in cash reaches $95,238. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,580/mo property income versus a $825/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
0.48 Acres 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: N/A • N/A
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