6415 Highway 187SalemNM87941
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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
Investment property for sale in Salem at 6415 Highway 187, Salem, NM, 87941 uses $41,438 cash to close to unlock $7,262/yr annual cash flow and $605/mo monthly cash flow. Total monthly income runs $1,339/mo, and a $612/mo payment keeps the spread at $605/mo. Purchase price stands at $125,000, and rental yield measures 12.85% with $1,339/mo rent. Return on cash invested shows 37.43% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 196.53% and total cumulative return in cash records $81,437. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,339/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1963
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87941, Salem, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 329 (100%) |
| Owner Occupied HU | 238 (72.3%) |
| Renter Occupied HU | 46 (14.0%) |
| Vacant Housing Units | 45 (13.7%) |
| Median Home Value | $129,167 |
| Average Home Value | $285,042 |
Housing Distribution
Address Breakdown
Residential
24
Single Family
24
Multi-Family
0
Businesses
6
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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