500 W High St #14Red RiverNM87558
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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 Red River at 500 W High St #14, Red River, NM, 87558 generates $1,282/mo in rent and, after a $808/mo payment, leaves $313/mo in cash flow. Total monthly income is $1,282/mo, and annual cash flow is $3,757/yr on $54,698 invested. Return on cash invested sits at 26.78% in year one, and rental yield is 9.32% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 139.33% and total cumulative return in cash sums $76,211. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,282/mo property income rather than buyer’s personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87558, Red River, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,401 (100%) |
| Owner Occupied HU | 230 (16.4%) |
| Renter Occupied HU | 106 ( 7.6%) |
| Vacant Housing Units | 1,065 (76.0%) |
| Median Home Value | $435,484 |
| Average Home Value | $435,859 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
84
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Listed by: Brenda Raney • Tri-State Realty
Mls Name: Enchanted Circle
Mls ID: #111307