501 2nd AveRatonNM87740
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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 Raton at 501 2nd Ave, Raton, NM, 87740 generates $800/mo in rent and, after a $489/mo payment, leaves $214/mo in cash flow. Total monthly income is $800/mo, and annual cash flow is $2,562/yr on $33,150 invested. Return on cash invested sits at 27.64% in year one, and rental yield is 9.6% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 143.94% and total cumulative return in cash sums $47,716. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $800/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
1.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87740, Raton, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,890 (100%) |
| Owner Occupied HU | 2,235 (57.5%) |
| Renter Occupied HU | 931 (23.9%) |
| Vacant Housing Units | 724 (18.6%) |
| Median Home Value | $157,876 |
| Average Home Value | $210,994 |
Housing Distribution
Address Breakdown
Residential
3,110
Single Family
3,101
Multi-Family
9
Businesses
363
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Listed by: Cassidae Chance • Home Associates, Inc
Mls Name: New Mexico MLS
Mls ID: #20253282