708 Spruce StMagdalenaNM87825
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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 Magdalena at 708 Spruce St, Magdalena, NM, 87825 offers a 7.05% rental yield on a $165,000 purchase with $970/mo rent. Total monthly income registers $970/mo, and a $808/mo payment leaves $1/mo available for distribution. Annual cash flow reaches $13/yr on $54,698 to close, and return on cash invested stands at 19.93% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 102.63% and total cumulative return in cash at $56,135. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $970/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87825, Magdalena, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,208 (100%) |
| Owner Occupied HU | 834 (69.0%) |
| Renter Occupied HU | 157 (13.0%) |
| Vacant Housing Units | 217 (18.0%) |
| Median Home Value | $94,821 |
| Average Home Value | $143,204 |
Housing Distribution
Address Breakdown
Residential
47
Single Family
47
Multi-Family
0
Businesses
51
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Listed by: Edward Donovan • Continental RE Group, Inc
Mls Name: SWMLS
Mls ID: #1094319