424 State Highway 37NogalNM88341
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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 Nogal at 424 State Highway 37, Nogal, NM, 88341 projects strong ROI of 0.38%. Rental yield 0.57%. With 5% annual appreciation, the property builds $3,577,846 in value over five years. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 2006
197 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88341, Nogal, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 457 (100%) |
| Owner Occupied HU | 292 (63.9%) |
| Renter Occupied HU | 36 ( 7.9%) |
| Vacant Housing Units | 129 (28.2%) |
| Median Home Value | $366,667 |
| Average Home Value | $458,014 |
Housing Distribution
Address Breakdown
Residential
298
Single Family
298
Multi-Family
0
Businesses
8
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: James Scott Miller • Pinnacle Real Estate & Dev
Mls Name: RLCMLS
Mls ID: #129991