6 Spalding DrMoriartyNM87035
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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 Moriarty at 6 Spalding Dr, Moriarty, NM, 87035 uses $94,478 cash to close to unlock $1,933/yr annual cash flow and $161/mo monthly cash flow. Total monthly income runs $1,834/mo, and a $1,395/mo payment keeps the spread at $161/mo. Purchase price stands at $285,000, and rental yield measures 7.72% with $1,834/mo rent. Return on cash invested shows 21.96% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 113.44% and total cumulative return in cash records $107,178. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,834/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Manufactured
Built in 1991
9.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87035, Moriarty, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,414 (100%) |
| Owner Occupied HU | 2,393 (70.1%) |
| Renter Occupied HU | 557 (16.3%) |
| Vacant Housing Units | 464 (13.6%) |
| Median Home Value | $148,548 |
| Average Home Value | $175,763 |
Housing Distribution
Address Breakdown
Residential
1,202
Single Family
1,202
Multi-Family
0
Businesses
242
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Listed by: Stuart Seagers • ReMax Western Heritage
Mls Name: SWMLS
Mls ID: #1089182