505 2nd StRuidosoNM88345
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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 Ruidoso at 505 2nd St, Ruidoso, NM, 88345 listed at $245,000 pairs $2,160/mo rent with a $1,199/mo payment to leave $722/mo cash flow. Total monthly income runs $2,160/mo, and annual cash flow reaches $8,666/yr on $81,218 cash to close. Return on cash invested measures 30.58% in year one, and rental yield registers 10.58% at a $245,000 basis. Equity gained on principal adds $1,581/yr, and annual property appreciation at 5% supports $67,689 by year five. Five-year ROI tracks 159.7% and total cumulative return in cash totals $129,708. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,160/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1973
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88345, Ruidoso, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,209 (100%) |
| Owner Occupied HU | 2,960 (32.1%) |
| Renter Occupied HU | 1,086 (11.8%) |
| Vacant Housing Units | 5,163 (56.1%) |
| Median Home Value | $259,653 |
| Average Home Value | $394,541 |
Housing Distribution
Address Breakdown
Residential
3,516
Single Family
3,389
Multi-Family
127
Businesses
574
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Listed by: Shane B. Zimmerman • Fathom Realty NM
Mls Name: RLCMLS
Mls ID: #132572