501 E 16th StAlamogordoNM88310
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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
Investment property for sale in Alamogordo at 501 E 16th St, Alamogordo, NM, 88310 listed at $169,000 pairs $1,332/mo rent with a $827/mo payment to leave $340/mo cash flow. Total monthly income runs $1,332/mo, and annual cash flow reaches $4,083/yr on $56,024 cash to close. Return on cash invested measures 27.2% in year one, and rental yield registers 9.46% at a $169,000 basis. Equity gained on principal adds $1,091/yr, and annual property appreciation at 5% supports $46,692 by year five. Five-year ROI tracks 141.6% and total cumulative return in cash totals $79,327. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,332/mo property income relative to a $827/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
9,104 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
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Listed by: Seth Muir • Reliance Real Estate Group of Alamogordo,LLC
Mls Name: OCMLS
Mls ID: #172019