604 Iris StTularosaNM88352
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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 Tularosa at 604 Iris St, Tularosa, NM, 88352 listed at $167,500 pairs $0/mo rent with a $820/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -1.34% in year one, and rental yield registers 0% at a $167,500 basis. Equity gained on principal adds $1,081/yr, and annual property appreciation at 5% supports $46,277 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $820/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88352, Tularosa, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,505 (100%) |
| Owner Occupied HU | 1,694 (67.6%) |
| Renter Occupied HU | 415 (16.6%) |
| Vacant Housing Units | 396 (15.8%) |
| Median Home Value | $217,742 |
| Average Home Value | $255,108 |
Housing Distribution
Address Breakdown
Residential
1,962
Single Family
1,962
Multi-Family
0
Businesses
120
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No similar rental properties found nearby.
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Listed by: Claudia Powell • Welcome Home Realty
Mls Name: OCMLS
Mls ID: #172008