424 Poplar StBayardNM88023
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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 Bayard at 424 Poplar St, Bayard, NM, 88023 with 5% annual appreciation on a $119,000 basis while $924/mo rent supports operations. Total monthly income totals $924/mo and a $582/mo payment preserves $226/mo for cash returns. Annual cash flow comes to $2,712/yr on $39,449 deployed, and return on cash invested reaches 26.78% in year one. Equity gained on principal adds $768/yr, and five-year appreciation sums $32,878 alongside rental yield of 9.32%. Five-year ROI measures 139.24% and total cumulative return in cash totals $54,929.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $924/mo property income versus a $582/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1930
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88023, Bayard, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,140 (100%) |
| Owner Occupied HU | 665 (58.3%) |
| Renter Occupied HU | 287 (25.2%) |
| Vacant Housing Units | 188 (16.5%) |
| Median Home Value | $112,606 |
| Average Home Value | $131,211 |
Housing Distribution
Address Breakdown
Residential
316
Single Family
316
Multi-Family
0
Businesses
43
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Listed by: Alexa Trujillo • Enchantment Realty
Mls Name: SCRMLS
Mls ID: #41220