6 Burke LoopSilver CityNM88061
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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
Rental property for sale in Silver City at 6 Burke Loop, Silver City, NM, 88061 priced at $299,900 pairs $1,800/mo rent with $40/mo cash flow after a $1,468/mo payment. Total monthly income equals $1,800/mo, and annual cash flow comes to $475/yr on $99,417 invested. Return on cash invested is 20.39% in year one, and rental yield stands at 7.2% on a $299,900 basis. Equity gained on principal adds $1,935/yr, and 5% annual appreciation accumulates to $82,857 by year five. Five-year ROI measures 105% and total cumulative return in cash reaches $104,392. For financing, Ziffy Mortgage’s DSCR program evaluates $1,800/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1980
2.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88061, Silver City, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,958 (100%) |
| Owner Occupied HU | 5,354 (59.8%) |
| Renter Occupied HU | 2,264 (25.3%) |
| Vacant Housing Units | 1,340 (15.0%) |
| Median Home Value | $217,889 |
| Average Home Value | $241,339 |
Housing Distribution
Address Breakdown
Residential
7,140
Single Family
6,980
Multi-Family
160
Businesses
597
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Listed by: Rebecca K Smith • Smith Real Estate & Prop. Mgmt.
Mls Name: SCRMLS
Mls ID: #41376