6 Edith LnLa LuzNM88337
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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 La Luz at 6 Edith Ln, La Luz, NM, 88337 uses $57,681 cash to close to unlock $2,152/yr annual cash flow and $179/mo monthly cash flow. Total monthly income runs $1,201/mo, and a $852/mo payment keeps the spread at $179/mo. Purchase price stands at $174,000, and rental yield measures 8.28% with $1,201/mo rent. Return on cash invested shows 23.64% in year one, and 5% annual appreciation builds toward $48,073 over five years. Five-year ROI reaches 122.5% and total cumulative return in cash records $70,661. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,201/mo property income covering a $852/mo payment rather than investor’s personal income.
Single Family
Built in 1950
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88337, La Luz, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,203 (100%) |
| Owner Occupied HU | 857 (71.2%) |
| Renter Occupied HU | 163 (13.5%) |
| Vacant Housing Units | 183 (15.2%) |
| Median Home Value | $252,523 |
| Average Home Value | $270,741 |
Housing Distribution
Address Breakdown
Residential
807
Single Family
807
Multi-Family
0
Businesses
68
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Listed by: Megan Corvin • Future Real Estate
Mls Name: OCMLS
Mls ID: #171770