606 State #412PrewittNM87045
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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 Prewitt at 606 State #412, Prewitt, NM, 87045 offers a 0% rental yield on a $1,299,000 purchase with $0/mo rent. 37% in year one. Equity gained on principal adds $8,382/yr while 5% annual appreciation supports $358,890 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $6,358/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87045, Prewitt, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 465 (100%) |
| Owner Occupied HU | 339 (72.9%) |
| Renter Occupied HU | 44 ( 9.5%) |
| Vacant Housing Units | 82 (17.6%) |
| Median Home Value | $86,875 |
| Average Home Value | $173,355 |
Housing Distribution
Address Breakdown
Residential
58
Single Family
58
Multi-Family
0
Businesses
15
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Listed by: Geoffrey Bia • Exp Realty, LLC
Mls Name: New Mexico MLS
Mls ID: #20256080