606 Sugar Pine DrCloudcroftNM88317
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Nearby investment properties with comparable prices
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 Cloudcroft at 606 Sugar Pine Dr, Cloudcroft, NM, 88317 priced at $450,000 pairs $3,240/mo rent with $598/mo cash flow after a $2,203/mo payment. Total monthly income equals $3,240/mo, and annual cash flow comes to $7,179/yr on $149,175 invested. Return on cash invested is 24.72% in year one, and rental yield stands at 8.64% on a $450,000 basis. Equity gained on principal adds $2,904/yr, and 5% annual appreciation accumulates to $124,327 by year five. Five-year ROI measures 128.25% and total cumulative return in cash reaches $191,310. For financing, Ziffy Mortgage’s DSCR program evaluates $3,240/mo property income against a $2,203/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1995
8,058 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88317, Cloudcroft, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,782 (100%) |
| Owner Occupied HU | 856 (30.8%) |
| Renter Occupied HU | 144 ( 5.2%) |
| Vacant Housing Units | 1,782 (64.1%) |
| Median Home Value | $306,383 |
| Average Home Value | $374,416 |
Housing Distribution
Address Breakdown
Residential
799
Single Family
799
Multi-Family
0
Businesses
122
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Listed by: Marsha Slane • Cloudcroft Properties
Mls Name: OCMLS
Mls ID: #171810