617 N Pine 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
Rental property for sale in Truth Or Consequences at 617 N Pine St, Truth Or Consequences, NM, 87901 offers $1,074/mo rent that, after a $562/mo payment, leaves $400/mo cash flow. Total monthly income is $1,074/mo, and annual cash flow is $4,800/yr on $38,089 cash. Return on cash invested measures 32.51% in year one, and rental yield stands at 11.22% at a $114,900 entry. Equity gained on principal adds $741/yr while 5% annual appreciation compounds into $31,745 by year five. Five-year ROI records 169.97% and total cumulative return in cash reaches $64,742. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,074/mo property income versus a $562/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
8,398 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: Rachel Woodard • Homesteaders Realty
Mls Name: New Mexico MLS
Mls ID: #20255819