703 Lusk StBayardNM88023
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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 Bayard at 703 Lusk St, Bayard, NM, 88023 priced at $180,000 converts $0/mo rent into after a $881/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -1.34% in year one, and rental yield reads 0% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1963
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88023, Bayard, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,140 (100%) |
| Owner Occupied HU | 665 (58.3%) |
| Renter Occupied HU | 287 (25.2%) |
| Vacant Housing Units | 188 (16.5%) |
| Median Home Value | $112,606 |
| Average Home Value | $131,211 |
Housing Distribution
Address Breakdown
Residential
316
Single Family
316
Multi-Family
0
Businesses
43
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Eric Escobar • Better Homes and Gardens Real Estate | Silver City
Mls Name: SCRMLS
Mls Provider:
Mls ID: #41000
Disclaimer: Some of the information contained herein has been provided by the SCRMLS, Inc. This information is from sources deemed reliable and not guaranteed by SCRMLS, Inc. The information is for consumers personal, non-commercial use and may not be used for any purposes other than identifying properties which consumers may be interested in purchasing.