603 Lovers LnAlamogordoNM88310
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
Investment property for sale in Alamogordo at 603 Lovers Ln, Alamogordo, NM, 88310 at $194,500 posts ROI 26.04% with $329/mo cash flow from $1,471/mo rent. Total monthly income equals $1,471/mo, and annual cash flow records $3,952/yr on $64,477 to close. Return on cash invested measures 26.04% and rental yield reads 9.08% at the current $194,500. Equity gained on principal adds $1,255/yr, and 5% annual appreciation supports $53,737 by year five. Five-year ROI prints 135.34% and total cumulative return in cash totals $87,261.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,471/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1958
6,882 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88310, Alamogordo, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,175 (100%) |
| Owner Occupied HU | 10,695 (58.8%) |
| Renter Occupied HU | 5,517 (30.4%) |
| Vacant Housing Units | 1,963 (10.8%) |
| Median Home Value | $188,407 |
| Average Home Value | $235,554 |
Housing Distribution
Address Breakdown
Residential
16,748
Single Family
16,400
Multi-Family
348
Businesses
1,149
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lori Mcneely-Hoyt • Coldwell Banker Sudderth Nelson
Mls Name: OCMLS
Mls ID: #172036