6034 Highway 180GlenwoodNM88039
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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 Glenwood at 6034 Highway 180, Glenwood, NM, 88039 generates $1,388/mo in rent, after a $2,056/mo payment. Total monthly income is $1,388/mo. Return on cash invested sits at 10.62% in year one, and rental yield is 3.97% on a $420,000 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation builds toward $116,038 over five years. Five-year ROI reaches 52.64% and total cumulative return in cash sums $73,291. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,388/mo property income rather than buyer’s personal income.
Manufactured
Built in 2022
21.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88039, Glenwood, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 302 (100%) |
| Owner Occupied HU | 167 (55.3%) |
| Renter Occupied HU | 25 ( 8.3%) |
| Vacant Housing Units | 110 (36.4%) |
| Median Home Value | $155,147 |
| Average Home Value | $264,521 |
Housing Distribution
Address Breakdown
Residential
106
Single Family
106
Multi-Family
0
Businesses
36
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Listed by: Dale Spurgeon • Action Realty, LLC.
Mls Name: SCRMLS
Mls Provider:
Mls ID: #40251
Disclaimer: Some of the information contained herein has been provided by the SCRMLS, Inc. This information is from sources deemed reliable and not guaranteed by SCRMLS, Inc. The information is for consumers personal, non-commercial use and may not be used for any purposes other than identifying properties which consumers may be interested in purchasing.