520 N 10th StMelroseNM88124
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 520 N 10th St, Melrose, NM, 88124 in Melrose the bet is firmly on appreciation. Rental yield 0%. The 0% gross yield on a $288,800 price is below income-first thresholds, but 5%/yr value growth projects $79,790 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.00) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $34.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.2% |
| Monthly Cash Flow | $0 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
Single Family
Built in 1997
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88124, Melrose, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 576 (100%) |
| Owner Occupied HU | 353 (61.3%) |
| Renter Occupied HU | 97 (16.8%) |
| Vacant Housing Units | 126 (21.9%) |
| Median Home Value | $175,260 |
| Average Home Value | $202,882 |
Housing Distribution
Address Breakdown
Residential
380
Single Family
380
Multi-Family
0
Businesses
22
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
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
Single Family
Built in 1997
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88124, Melrose, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 576 (100%) |
| Owner Occupied HU | 353 (61.3%) |
| Renter Occupied HU | 97 (16.8%) |
| Vacant Housing Units | 126 (21.9%) |
| Median Home Value | $175,260 |
| Average Home Value | $202,882 |
Housing Distribution
Address Breakdown
Residential
380
Single Family
380
Multi-Family
0
Businesses
22
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Kelly Bradley • Jbm Realty Group
Mls Name: New Mexico MLS
Mls ID: #20256371