8334 Cherokee RdLake ArthurNM88253
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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 Lake Arthur at 8334 Cherokee Rd, Lake Arthur, NM, 88253 generates $1,054/mo in rent and, after a $685/mo payment, leaves $233/mo in cash flow. Total monthly income is $1,054/mo, and annual cash flow is $2,790/yr on $46,410 invested. Return on cash invested sits at 25.92% in year one, and rental yield is 9.03% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 134.71% and total cumulative return in cash sums $62,518. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,054/mo property income rather than buyer’s personal income.
Manufactured
Built in 1983
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88253, Lake Arthur, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 381 (100%) |
| Owner Occupied HU | 276 (72.4%) |
| Renter Occupied HU | 58 (15.2%) |
| Vacant Housing Units | 47 (12.3%) |
| Median Home Value | $231,818 |
| Average Home Value | $301,196 |
Housing Distribution
Address Breakdown
Residential
211
Single Family
211
Multi-Family
0
Businesses
13
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Listed by: Staci Rogers • Berkshire Hathaway Home Services Enchanted Lands - Artesia
Mls Name: New Mexico MLS
Mls ID: #20253260