724 E Main StTucumcariNM88401
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Tucumcari at 724 E Main St, Tucumcari, NM, 88401 priced at $165,000 pairs $1,080/mo rent with $111/mo cash flow after a $808/mo payment. Total monthly income equals $1,080/mo, and annual cash flow comes to $1,333/yr on $54,698 invested. Return on cash invested is 22.35% in year one, and rental yield stands at 7.85% on a $165,000 basis. Equity gained on principal adds $1,065/yr, and 5% annual appreciation accumulates to $45,586 by year five. Five-year ROI measures 115.57% and total cumulative return in cash reaches $63,215. For financing, Ziffy Mortgage’s DSCR program evaluates $1,080/mo property income against a $808/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88401, Tucumcari, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,727 (100%) |
| Owner Occupied HU | 1,978 (53.1%) |
| Renter Occupied HU | 943 (25.3%) |
| Vacant Housing Units | 806 (21.6%) |
| Median Home Value | $70,860 |
| Average Home Value | $122,792 |
Housing Distribution
Address Breakdown
Residential
2,877
Single Family
2,877
Multi-Family
0
Businesses
316
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tonya Rigdon • Trousdale Real Estate
Mls Name: My State MLS
Mls ID: #11328598