429 Colorado LnRuidoso DownsNM88346
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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 Ruidoso Downs at 429 Colorado Ln, Ruidoso Downs, NM, 88346 with 5% annual appreciation on a $299,300 basis while $2,071/mo rent supports operations. Total monthly income totals $2,071/mo and a $1,465/mo payment preserves $314/mo for cash returns. Annual cash flow comes to $3,770/yr on $99,218 deployed, and return on cash invested reaches 23.71% in year one. Equity gained on principal adds $1,931/yr, and five-year appreciation sums $82,691 alongside rental yield of 8.3%. Five-year ROI measures 122.84% and total cumulative return in cash totals $121,880.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,071/mo property income versus a $1,465/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1974
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88346, Ruidoso Downs, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,994 (100%) |
| Owner Occupied HU | 962 (48.2%) |
| Renter Occupied HU | 443 (22.2%) |
| Vacant Housing Units | 589 (29.5%) |
| Median Home Value | $160,897 |
| Average Home Value | $267,578 |
Housing Distribution
Address Breakdown
Residential
829
Single Family
727
Multi-Family
102
Businesses
102
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