826 State Highway 408LemitarNM87823
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 826 State Highway 408, Lemitar, NM, 87823 in Lemitar. Rental yield 0%. At $355,000 with 0% gross yield, current distributions are modest, but the 5% appreciation rate projects $98,080 in new equity by year five, complemented by $3,270/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.00) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $53.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.2% |
| Monthly Cash Flow | $0 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
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
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
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: N/A • N/A
Mls Name: SWMLS
Mls ID: #1096262