602 Bass AlyLoganNM88426
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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 Logan at 602 Bass Aly, Logan, NM, 88426 offers a 10.57% rental yield on a $154,500 purchase with $1,361/mo rent. Total monthly income registers $1,361/mo, and a $756/mo payment leaves $454/mo available for distribution. Annual cash flow reaches $5,452/yr on $51,217 to close, and return on cash invested stands at 30.55% in year one. Equity gained on principal adds $997/yr while 5% annual appreciation supports $42,686 over five years. Portfolio math shows five-year ROI at 159.59% and total cumulative return in cash at $81,735. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,361/mo property income against a $756/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in N/A
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88426, Logan, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,078 (100%) |
| Owner Occupied HU | 400 (37.1%) |
| Renter Occupied HU | 93 ( 8.6%) |
| Vacant Housing Units | 585 (54.3%) |
| Median Home Value | $102,594 |
| Average Home Value | $139,806 |
Housing Distribution
Address Breakdown
Residential
303
Single Family
303
Multi-Family
0
Businesses
48
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Listed by: Deanna K. Osborn • Trousdale Real Estate
Mls Name: My State MLS
Mls ID: #11292620