65 La Luz Gate RdAlamogordoNM88310
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
Investment property for sale in Alamogordo at 65 La Luz Gate Rd, Alamogordo, NM, 88310 uses $56,024 cash to close to unlock $3,579/yr annual cash flow and $298/mo monthly cash flow. Total monthly income runs $1,290/mo, and a $827/mo payment keeps the spread at $298/mo. Purchase price stands at $169,000, and rental yield measures 9.16% with $1,290/mo rent. Return on cash invested shows 26.3% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 136.73% and total cumulative return in cash records $76,603. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,290/mo property income covering a $827/mo payment rather than investor’s personal income.
Manufactured
Built in 1996
1.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88310, Alamogordo, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,175 (100%) |
| Owner Occupied HU | 10,695 (58.8%) |
| Renter Occupied HU | 5,517 (30.4%) |
| Vacant Housing Units | 1,963 (10.8%) |
| Median Home Value | $188,407 |
| Average Home Value | $235,554 |
Housing Distribution
Address Breakdown
Residential
16,748
Single Family
16,400
Multi-Family
348
Businesses
1,149
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rebekah Graham • Future Real Estate
Mls Name: OCMLS
Mls ID: #171969