8980 Highway 187GarfieldNM87936
Nearby investment properties with comparable rents
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
Investment Highlights
Investment property for sale in Garfield at 8980 Highway 187, Garfield, NM, 87936 offers a 9.34% rental yield on a $125,000 purchase with $973/mo rent. Total monthly income registers $973/mo, and a $612/mo payment leaves $239/mo available for distribution. Annual cash flow reaches $2,870/yr on $41,438 to close, and return on cash invested stands at 26.83% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 139.68% and total cumulative return in cash at $57,881. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $973/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87936, Garfield, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 180 (100%) |
| Owner Occupied HU | 129 (71.7%) |
| Renter Occupied HU | 24 (13.3%) |
| Vacant Housing Units | 27 (15.0%) |
| Median Home Value | $150,962 |
| Average Home Value | $281,570 |
Housing Distribution
Address Breakdown
Residential
19
Single Family
19
Multi-Family
0
Businesses
7
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Listed by: Christina Dianne De La Torre • Keller Williams Realty
Mls Name: SNMMLS
Mls ID: #2600302