429 Ohio StSilver CityNM88061
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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 Silver City at 429 Ohio St, Silver City, NM, 88061 offers a 7.69% rental yield on a $246,000 purchase with $1,577/mo rent. Total monthly income registers $1,577/mo, and a $1,204/mo payment leaves $133/mo available for distribution. Annual cash flow reaches $1,598/yr on $81,549 to close, and return on cash invested stands at 21.87% in year one. Equity gained on principal adds $1,587/yr while 5% annual appreciation supports $67,965 over five years. Portfolio math shows five-year ROI at 112.97% and total cumulative return in cash at $92,126. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,577/mo property income against a $1,204/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88061, Silver City, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,958 (100%) |
| Owner Occupied HU | 5,354 (59.8%) |
| Renter Occupied HU | 2,264 (25.3%) |
| Vacant Housing Units | 1,340 (15.0%) |
| Median Home Value | $217,889 |
| Average Home Value | $241,339 |
Housing Distribution
Address Breakdown
Residential
7,140
Single Family
6,980
Multi-Family
160
Businesses
597
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Listed by: Carol J Thompson • Axen Realty, LLC
Mls Name: SNMMLS
Mls ID: #2600256