615 Corbett StTruth Or ConsequencesNM87901
Nearby investment properties with comparable rents
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
Investment property for sale in Truth Or Consequences at 615 Corbett St, Truth Or Consequences, NM, 87901 at $249,500 posts ROI 21.39% with $102/mo cash flow from $1,566/mo rent. Total monthly income equals $1,566/mo, and annual cash flow records $1,221/yr on $82,709 to close. Return on cash invested measures 21.39% and rental yield reads 7.53% at the current $249,500. Equity gained on principal adds $1,610/yr, and 5% annual appreciation supports $68,932 by year five. Five-year ROI prints 110.35% and total cumulative return in cash totals $91,269.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,566/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87901, Truth Or Consequences, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,896 (100%) |
| Owner Occupied HU | 2,340 (47.8%) |
| Renter Occupied HU | 1,260 (25.7%) |
| Vacant Housing Units | 1,296 (26.5%) |
| Median Home Value | $114,193 |
| Average Home Value | $142,601 |
Housing Distribution
Address Breakdown
Residential
3,167
Single Family
3,091
Multi-Family
76
Businesses
373
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cheryl Shipley • Rio Mesa Realty
Mls Name: New Mexico MLS
Mls ID: #20254228