506 Gray StTruth Or ConsequencesNM87901
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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 Truth Or Consequences at 506 Gray St, Truth Or Consequences, NM, 87901 uses $44,421 cash to close to unlock $2,344/yr annual cash flow and $195/mo monthly cash flow. Total monthly income runs $982/mo, and a $656/mo payment keeps the spread at $195/mo. Purchase price stands at $134,000, and rental yield measures 8.79% with $982/mo rent. Return on cash invested shows 25.19% in year one, and 5% annual appreciation builds toward $37,022 over five years. Five-year ROI reaches 130.8% and total cumulative return in cash records $58,103. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $982/mo property income covering a $656/mo payment rather than investor’s personal income.
Manufactured
Built in 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87901, Truth Or Consequences, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,896 (100%) |
| Owner Occupied HU | 2,340 (47.8%) |
| Renter Occupied HU | 1,260 (25.7%) |
| Vacant Housing Units | 1,296 (26.5%) |
| Median Home Value | $114,193 |
| Average Home Value | $142,601 |
Housing Distribution
Address Breakdown
Residential
3,167
Single Family
3,091
Multi-Family
76
Businesses
373
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Listed by: Jason Vickers • Homesteaders Realty
Mls Name: New Mexico MLS
Mls Provider:
Mls ID: #20252239
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange (IDX) program of the New Mexico Multi-Board MLS. Real Estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.