42 Cowan RdMayhillNM88339
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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 Mayhill at 42 Cowan Rd, Mayhill, NM, 88339 with 5% annual appreciation on a $375,000 basis while $1,264/mo rent supports operations. 87% in year one. Equity gained on principal adds $2,420/yr, and five-year appreciation sums $103,606 alongside rental yield of 4.04%. Five-year ROI measures 53.94% and total cumulative return in cash totals $67,059. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,264/mo property income versus a $1,835/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1981
8.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88339, Mayhill, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 892 (100%) |
| Owner Occupied HU | 341 (38.2%) |
| Renter Occupied HU | 52 ( 5.8%) |
| Vacant Housing Units | 499 (55.9%) |
| Median Home Value | $402,717 |
| Average Home Value | $423,387 |
Housing Distribution
Address Breakdown
Residential
399
Single Family
399
Multi-Family
0
Businesses
27
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Listed by: Thomas Mack • Aspen Trails Realty
Mls Name: OCMLS
Mls Provider:
Mls ID: #168615
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.