602 Hawthorne DrElephant ButteNM87935
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Elephant Butte at 602 Hawthorne Dr, Elephant Butte, NM, 87935 priced at $242,500 pairs $1,645/mo rent with $222/mo cash flow after a $1,187/mo payment. Total monthly income equals $1,645/mo, and annual cash flow comes to $2,659/yr on $80,389 invested. Return on cash invested is 23.22% in year one, and rental yield stands at 8.14% on a $242,500 basis. Equity gained on principal adds $1,565/yr, and 5% annual appreciation accumulates to $66,998 by year five. Five-year ROI measures 120.19% and total cumulative return in cash reaches $96,619. For financing, Ziffy Mortgage’s DSCR program evaluates $1,645/mo property income against a $1,187/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1988
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87935, Elephant Butte, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,222 (100%) |
| Owner Occupied HU | 604 (49.4%) |
| Renter Occupied HU | 110 ( 9.0%) |
| Vacant Housing Units | 508 (41.6%) |
| Median Home Value | $209,091 |
| Average Home Value | $209,441 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
99
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Listed by: Andrea Freeman • Desert Lakes Realty
Mls Name: New Mexico MLS
Mls ID: #20253628