68 Arabian LnElephant ButteNM87935
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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 Elephant Butte at 68 Arabian Ln, Elephant Butte, NM, 87935 priced at $289,900 converts $1,080/mo rent into after a $1,419/mo obligation. Total monthly income equals $1,080/mo. Return on cash invested prints 12.15% in year one, and rental yield reads 4.47% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 60.82% and total cumulative return in cash sums $58,449. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,080/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 2020
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87935, Elephant Butte, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,222 (100%) |
| Owner Occupied HU | 604 (49.4%) |
| Renter Occupied HU | 110 ( 9.0%) |
| Vacant Housing Units | 508 (41.6%) |
| Median Home Value | $209,091 |
| Average Home Value | $209,441 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
99
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Listed by: Rachel Woodard • Homesteaders Realty
Mls Name: New Mexico MLS
Mls ID: #20254089