618 Lusk StBayardNM88023
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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 Bayard at 618 Lusk St, Bayard, NM, 88023 priced at $139,000 pairs $1,030/mo rent with $214/mo cash flow after a $680/mo payment. Total monthly income equals $1,030/mo, and annual cash flow comes to $2,574/yr on $46,079 invested. Return on cash invested is 25.49% in year one, and rental yield stands at 8.89% on a $139,000 basis. Equity gained on principal adds $897/yr, and 5% annual appreciation accumulates to $38,403 by year five. Five-year ROI measures 132.42% and total cumulative return in cash reaches $61,016. For financing, Ziffy Mortgage’s DSCR program evaluates $1,030/mo property income against a $680/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88023, Bayard, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,140 (100%) |
| Owner Occupied HU | 665 (58.3%) |
| Renter Occupied HU | 287 (25.2%) |
| Vacant Housing Units | 188 (16.5%) |
| Median Home Value | $112,606 |
| Average Home Value | $131,211 |
Housing Distribution
Address Breakdown
Residential
316
Single Family
316
Multi-Family
0
Businesses
43
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Listed by: Robert "Jaime" Ramirez • Enchantment Realty
Mls Name: SCRMLS
Mls Provider:
Mls ID: #40567
Disclaimer: Some of the information contained herein has been provided by the SCRMLS, Inc. This information is from sources deemed reliable and not guaranteed by SCRMLS, Inc. The information is for consumers personal, non-commercial use and may not be used for any purposes other than identifying properties which consumers may be interested in purchasing.