607 24th StAlamogordoNM88310
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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 Alamogordo at 607 24th St, Alamogordo, NM, 88310 earns $362/mo cash flow from $1,389/mo rent with a $856/mo payment. Total monthly income totals $1,389/mo, and annual cash flow totals $4,350/yr on $57,979 capital. ROI tracks 27.41% on current figures, and rental yield reads 9.53% at a $174,900 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,322 over five years. Five-year ROI reaches 142.71% and total cumulative return in cash sums $82,740. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,389/mo property income instead of your personal income.
Manufactured
Built in 2001
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88310, Alamogordo, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,175 (100%) |
| Owner Occupied HU | 10,695 (58.8%) |
| Renter Occupied HU | 5,517 (30.4%) |
| Vacant Housing Units | 1,963 (10.8%) |
| Median Home Value | $188,407 |
| Average Home Value | $235,554 |
Housing Distribution
Address Breakdown
Residential
16,748
Single Family
16,400
Multi-Family
348
Businesses
1,149
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Listed by: Cindy Boylan • REAL BROKER, LLC
Mls Name: OCMLS
Mls ID: #171731