435 Mineral Creek RdGlenwoodNM88039
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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
Total monthly income runs $4,133/mo, and a $4,405/mo payment. Purchase price stands at $900,000, and rental yield measures 5.51% with $4,133/mo rent. Return on cash invested shows 15.4% in year one, and 5% annual appreciation builds toward $248,653 over five years. Five-year ROI reaches 78.22% and total cumulative return in cash records $231,600. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,133/mo property income covering a $4,405/mo payment rather than investor’s personal income.
Condo
Built in 1978
120 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88039, Glenwood, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 302 (100%) |
| Owner Occupied HU | 167 (55.3%) |
| Renter Occupied HU | 25 ( 8.3%) |
| Vacant Housing Units | 110 (36.4%) |
| Median Home Value | $155,147 |
| Average Home Value | $264,521 |
Housing Distribution
Address Breakdown
Residential
106
Single Family
106
Multi-Family
0
Businesses
36
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Listed by: Daniel D Cook • Better Homes and Gardens Real Estate | Silver City
Mls Name: SCRMLS
Mls Provider:
Mls ID: #40279
Disclaimer: Some of the information contained herein has been provided by the SCRMLS, Inc. This information is from sources deemed reliable and not guaranteed by SCRMLS, Inc. The information is for consumers personal, non-commercial use and may not be used for any purposes other than identifying properties which consumers may be interested in purchasing.