826 State Highway 408LemitarNM87823
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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 Lemitar at 826 State Highway 408, Lemitar, NM, 87823 listed at $365,000 pairs $0/mo rent with a $1,786/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -1.33% in year one, and rental yield registers 0% at a $365,000 basis. Equity gained on principal adds $2,355/yr, and annual property appreciation at 5% supports $100,843 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $1,786/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2015
2.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87823, Lemitar, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 237 (100%) |
| Owner Occupied HU | 187 (78.9%) |
| Renter Occupied HU | 32 (13.5%) |
| Vacant Housing Units | 18 ( 7.6%) |
| Median Home Value | $192,763 |
| Average Home Value | $251,297 |
Housing Distribution
Address Breakdown
Residential
108
Single Family
108
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Wendy Harrington • Realty One of New Mexico, LLC
Mls Name: SWMLS
Mls ID: #1096262