474 Eagle DrAlamogordoNM88310
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Alamogordo at 474 Eagle Dr, Alamogordo, NM, 88310 priced at $336,000 converts $2,190/mo rent into $217/mo cash flow after a $1,645/mo obligation. Total monthly income equals $2,190/mo, and annual cash flow totals $2,609/yr on $111,384 invested. Return on cash invested prints 22.25% in year one, and rental yield reads 7.82% against a $336,000 entry. Equity gained on principal adds $2,168/yr, while 5% annual appreciation compiles into $92,831 by year five. Five-year ROI reaches 115.01% and total cumulative return in cash sums $128,098. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,190/mo property income covering a $1,645/mo payment, not borrower’s personal income.
Single Family
Built in 1988
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88310, Alamogordo, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,175 (100%) |
| Owner Occupied HU | 10,695 (58.8%) |
| Renter Occupied HU | 5,517 (30.4%) |
| Vacant Housing Units | 1,963 (10.8%) |
| Median Home Value | $188,407 |
| Average Home Value | $235,554 |
Housing Distribution
Address Breakdown
Residential
16,748
Single Family
16,400
Multi-Family
348
Businesses
1,149
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Aimee French • Future Real Estate
Mls Name: OCMLS
Mls ID: #171553