6 No Name LnLa LuzNM88337
Nearby investment properties with comparable rents
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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 La Luz at 6 No Name Ln, La Luz, NM, 88337 priced at $118,000 pairs $911/mo rent with $218/mo cash flow after a $578/mo payment. Total monthly income equals $911/mo, and annual cash flow comes to $2,615/yr on $39,117 invested. Return on cash invested is 26.6% in year one, and rental yield stands at 9.26% on a $118,000 basis. Equity gained on principal adds $761/yr, and 5% annual appreciation accumulates to $32,601 by year five. Five-year ROI measures 138.27% and total cumulative return in cash reaches $54,087. For financing, Ziffy Mortgage’s DSCR program evaluates $911/mo property income against a $578/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1983
1.30 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: Brianna Martinez • RE/MAX of Alamogordo, Ltd
Mls Name: OCMLS
Mls ID: #171438