703 Sugar Pine DrCloudcroftNM88317
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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 Cloudcroft at 703 Sugar Pine Dr, Cloudcroft, NM, 88317 priced at $435,900 converts $1,950/mo rent into after a $2,134/mo obligation. Total monthly income equals $1,950/mo. Return on cash invested prints 14.85% in year one, and rental yield reads 5.37% against a $435,900 entry. Equity gained on principal adds $2,813/yr, while 5% annual appreciation compiles into $120,431 by year five. Five-year ROI reaches 75.29% and total cumulative return in cash sums $108,799. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,950/mo property income covering a $2,134/mo payment, not borrower’s personal income.
Single Family
Built in 2012
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88317, Cloudcroft, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,782 (100%) |
| Owner Occupied HU | 856 (30.8%) |
| Renter Occupied HU | 144 ( 5.2%) |
| Vacant Housing Units | 1,782 (64.1%) |
| Median Home Value | $306,383 |
| Average Home Value | $374,416 |
Housing Distribution
Address Breakdown
Residential
799
Single Family
799
Multi-Family
0
Businesses
122
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Listed by: Brent Bradshaw • Gary Mack Real Estate
Mls Name: OCMLS
Mls Provider:
Mls ID: #170653
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.