821 Abo HwyMelroseNM88124
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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 Melrose at 821 Abo Hwy, Melrose, NM, 88124 with 5% annual appreciation on a $259,900 basis while $2,436/mo rent supports operations. Total monthly income totals $2,436/mo and a $1,272/mo payment preserves $911/mo for cash returns. Annual cash flow comes to $10,927/yr on $86,157 deployed, and return on cash invested reaches 32.59% in year one. Equity gained on principal adds $1,677/yr, and five-year appreciation sums $71,806 alongside rental yield of 11.25%. Five-year ROI measures 170.45% and total cumulative return in cash totals $146,854.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,436/mo property income versus a $1,272/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1974
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88124, Melrose, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 576 (100%) |
| Owner Occupied HU | 353 (61.3%) |
| Renter Occupied HU | 97 (16.8%) |
| Vacant Housing Units | 126 (21.9%) |
| Median Home Value | $175,260 |
| Average Home Value | $202,882 |
Housing Distribution
Address Breakdown
Residential
380
Single Family
380
Multi-Family
0
Businesses
22
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Listed by: Hp Cargile • Town & Country Real Estate, Inc.
Mls Name: New Mexico MLS
Mls Provider:
Mls ID: #20244871
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange (IDX) program of the New Mexico Multi-Board MLS. Real Estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.