607 Dewey LnAlamogordoNM88310
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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 Alamogordo at 607 Dewey Ln, Alamogordo, NM, 88310 priced at $180,900 converts $1,366/mo rent into $305/mo cash flow after a $885/mo obligation. Total monthly income equals $1,366/mo, and annual cash flow totals $3,655/yr on $59,968 invested. Return on cash invested prints 26% in year one, and rental yield reads 9.06% against a $180,900 entry. Equity gained on principal adds $1,167/yr, while 5% annual appreciation compiles into $49,979 by year five. Five-year ROI reaches 135.15% and total cumulative return in cash sums $81,047. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,366/mo property income covering a $885/mo payment, not borrower’s personal income.
Single Family
Built in 1950
6,882 sqft 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: Brianna Martinez • RE/MAX of Alamogordo, Ltd
Mls Name: OCMLS
Mls ID: #171732