611 Spruce StDexterNM88230
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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 Dexter at 611 Spruce St, Dexter, NM, 88230 priced at $252,500 pairs $1,768/mo rent with $286/mo cash flow after a $1,236/mo payment. Total monthly income equals $1,768/mo, and annual cash flow comes to $3,430/yr on $83,704 invested. Return on cash invested is 24.01% in year one, and rental yield stands at 8.4% on a $252,500 basis. Equity gained on principal adds $1,629/yr, and 5% annual appreciation accumulates to $69,761 by year five. Five-year ROI measures 124.4% and total cumulative return in cash reaches $104,127. For financing, Ziffy Mortgage’s DSCR program evaluates $1,768/mo property income against a $1,236/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88230, Dexter, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,777 (100%) |
| Owner Occupied HU | 1,198 (67.4%) |
| Renter Occupied HU | 349 (19.6%) |
| Vacant Housing Units | 230 (12.9%) |
| Median Home Value | $162,356 |
| Average Home Value | $192,124 |
Housing Distribution
Address Breakdown
Residential
1,105
Single Family
1,105
Multi-Family
0
Businesses
76
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Listed by: N/A • N/A
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Mls ID: #N/A