700 E Riverside DrTruth Or ConsequencesNM87901
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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 Truth Or Consequences at 700 E Riverside Dr, Truth Or Consequences, NM, 87901 earns from $1,325/mo rent with a $2,932/mo payment. Total monthly income totals $1,325/mo. ROI tracks 6.72% on current figures, and rental yield reads 2.65% at a $599,000 purchase. Equity gained on principal adds $3,865/yr, and 5% annual appreciation supports $165,493 over five years. Five-year ROI reaches 31.64% and total cumulative return in cash sums $62,350. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,325/mo property income instead of your personal income.
Multi Family
Built in 1940
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87901, Truth Or Consequences, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,896 (100%) |
| Owner Occupied HU | 2,340 (47.8%) |
| Renter Occupied HU | 1,260 (25.7%) |
| Vacant Housing Units | 1,296 (26.5%) |
| Median Home Value | $114,193 |
| Average Home Value | $142,601 |
Housing Distribution
Address Breakdown
Residential
3,167
Single Family
3,091
Multi-Family
76
Businesses
373
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Listed by: Summer Woods • Cripple Creek Realty, LLC
Mls Name: New Mexico MLS
Mls Provider:
Mls ID: #20254387
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange (IDX) program of the New Mexico Multi-Board MLS. Real Estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.