618 S Ruby StDemingNM88030
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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 Deming at 618 S Ruby St, Deming, NM, 88030 offers $1,273/mo rent that, after a $852/mo payment, leaves $251/mo cash flow. Total monthly income is $1,273/mo, and annual cash flow is $3,016/yr on $57,681 cash. Return on cash invested measures 25.14% in year one, and rental yield stands at 8.78% at a $174,000 entry. Equity gained on principal adds $1,123/yr while 5% annual appreciation compounds into $48,073 by year five. Five-year ROI records 130.53% and total cumulative return in cash reaches $75,293. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,273/mo property income versus a $852/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
10,650 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88030, Deming, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,963 (100%) |
| Owner Occupied HU | 6,416 (58.5%) |
| Renter Occupied HU | 2,946 (26.9%) |
| Vacant Housing Units | 1,601 (14.6%) |
| Median Home Value | $123,226 |
| Average Home Value | $155,194 |
Housing Distribution
Address Breakdown
Residential
9,158
Single Family
9,056
Multi-Family
102
Businesses
573
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Listed by: Eva Luna • Deming Realty Co., LLC.
Mls Name: New Mexico MLS
Mls ID: #20254780