49 Hollimon 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
Rental property for sale in Glenwood at 49 Hollimon Rd, Glenwood, NM, 88039 priced at $995,000 converts $0/mo rent into after a $4,870/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -1.35% in year one, and rental yield reads 0% against a $995,000 entry. Equity gained on principal adds $6,421/yr, while 5% annual appreciation compiles into $274,900 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $4,870/mo payment, not borrower’s personal income.
Single Family
Built in 2013
36.68 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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No similar rental properties found nearby.
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Listed by: Dale Spurgeon • Action Realty, LLC.
Mls Name: SCRMLS
Mls ID: #40788