605 Main RdRuidosoNM88345
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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 Ruidoso at 605 Main Rd, Ruidoso, NM, 88345 priced at $630,387 pairs $2,444/mo rent with after a $3,085/mo payment. Total monthly income equals $2,444/mo. Return on cash invested is 11.86% in year one, and rental yield stands at 4.65% on a $630,387 basis. Equity gained on principal adds $4,068/yr, and 5% annual appreciation accumulates to $174,164 by year five. Five-year ROI measures 59.6% and total cumulative return in cash reaches $123,600. For financing, Ziffy Mortgage’s DSCR program evaluates $2,444/mo property income against a $3,085/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1945
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88345, Ruidoso, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,209 (100%) |
| Owner Occupied HU | 2,960 (32.1%) |
| Renter Occupied HU | 1,086 (11.8%) |
| Vacant Housing Units | 5,163 (56.1%) |
| Median Home Value | $259,653 |
| Average Home Value | $394,541 |
Housing Distribution
Address Breakdown
Residential
3,516
Single Family
3,389
Multi-Family
127
Businesses
574
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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