606 S Lead StDemingNM88030
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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 Deming at 606 S Lead St, Deming, NM, 88030 listed at $140,000 pairs $1,099/mo rent with a $685/mo payment to leave $278/mo cash flow. Total monthly income runs $1,099/mo, and annual cash flow reaches $3,330/yr on $46,410 cash to close. Return on cash invested measures 27.08% in year one, and rental yield registers 9.42% at a $140,000 basis. Equity gained on principal adds $903/yr, and annual property appreciation at 5% supports $38,679 by year five. Five-year ROI tracks 140.91% and total cumulative return in cash totals $65,398. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,099/mo property income relative to a $685/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
9,940 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88030, Deming, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,963 (100%) |
| Owner Occupied HU | 6,416 (58.5%) |
| Renter Occupied HU | 2,946 (26.9%) |
| Vacant Housing Units | 1,601 (14.6%) |
| Median Home Value | $123,226 |
| Average Home Value | $155,194 |
Housing Distribution
Address Breakdown
Residential
9,158
Single Family
9,056
Multi-Family
102
Businesses
573
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Listed by: Michele Shillito • Corral Realty Group
Mls Name: New Mexico MLS
Mls ID: #20255704