7836 Cherokee RdHagermanNM88232
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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 Hagerman at 7836 Cherokee Rd, Hagerman, NM, 88232 generates $979/mo in rent and, after a $612/mo payment, leaves $245/mo in cash flow. Total monthly income is $979/mo, and annual cash flow is $2,942/yr on $41,438 invested. Return on cash invested sits at 27.01% in year one, and rental yield is 9.4% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 140.58% and total cumulative return in cash sums $58,253. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $979/mo property income rather than buyer’s personal income.
Manufactured
Built in 2000
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88232, Hagerman, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 794 (100%) |
| Owner Occupied HU | 491 (61.8%) |
| Renter Occupied HU | 181 (22.8%) |
| Vacant Housing Units | 122 (15.4%) |
| Median Home Value | $144,485 |
| Average Home Value | $211,029 |
Housing Distribution
Address Breakdown
Residential
493
Single Family
493
Multi-Family
0
Businesses
36
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Listed by: Lana Reese • Exp Realty, LLC
Mls Name: New Mexico MLS
Mls ID: #20255605