615 Ojito De MadridAnthonyNM88021
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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 Anthony at 615 Ojito De Madrid, Anthony, NM, 88021 priced at $375,000 converts $1,804/mo rent into after a $1,835/mo obligation. Total monthly income equals $1,804/mo. Return on cash invested prints 16.08% in year one, and rental yield reads 5.77% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 81.9% and total cumulative return in cash sums $101,811. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,804/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Manufactured
Built in 1995
8 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88021, Anthony, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,667 (100%) |
| Owner Occupied HU | 3,865 (68.2%) |
| Renter Occupied HU | 1,350 (23.8%) |
| Vacant Housing Units | 452 ( 8.0%) |
| Median Home Value | $198,003 |
| Average Home Value | $266,596 |
Housing Distribution
Address Breakdown
Residential
3,932
Single Family
3,932
Multi-Family
0
Businesses
273
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Listed by: Francisco J Gomez • Prosper Real Estate
Mls Name: SNMMLS
Mls ID: #2503761