56A Elk LnLos OjosNM87551
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 56A Elk Ln, Los Ojos, NM, 87551 in Los Ojos earns a 9.48% gross yield at $180,000. Rent of $1,422/mo nets $336/mo after the $809/mo mortgage. The 1.76 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $49,731 and $1,658/yr in equity accumulation project a total cumulative return of $89,839.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.2% |
| Monthly Cash Flow | $336 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,422 |
| Total Monthly Debt Service | $1,014 |
| DSCR Ratio | 1.40x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1984
4.92 Acres lot
$N/A/sqft
$350 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87551, Los Ojos, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 333 (100%) |
| Owner Occupied HU | 104 (31.2%) |
| Renter Occupied HU | 24 ( 7.2%) |
| Vacant Housing Units | 205 (61.6%) |
| Median Home Value | $331,429 |
| Average Home Value | $296,154 |
Housing Distribution
Address Breakdown
Residential
152
Single Family
152
Multi-Family
0
Businesses
23
Nearby investment properties with comparable rents
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
Manufactured
Built in 1984
4.92 Acres lot
$N/A/sqft
$350 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87551, Los Ojos, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 333 (100%) |
| Owner Occupied HU | 104 (31.2%) |
| Renter Occupied HU | 24 ( 7.2%) |
| Vacant Housing Units | 205 (61.6%) |
| Median Home Value | $331,429 |
| Average Home Value | $296,154 |
Housing Distribution
Address Breakdown
Residential
152
Single Family
152
Multi-Family
0
Businesses
23
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christie Bundren • Realty One of Chama
Mls Name: SFARMLS
Mls Provider:
Mls ID: #202403933
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (IDX) program of SFAR MLS, Inc. 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.