9 Franks LnLa LuzNM88337
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
Rental property for sale in La Luz at 9 Franks Ln, La Luz, NM, 88337 offers $1,537/mo rent that, after a $1,411/mo payment. Total monthly income is $1,537/mo. Return on cash invested measures 17.96% in year one, and rental yield stands at 6.4% at a $288,200 entry. Equity gained on principal adds $1,860/yr while 5% annual appreciation compounds into $79,624 by year five. Five-year ROI records 92.03% and total cumulative return in cash reaches $87,927. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,537/mo property income versus a $1,411/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88337, La Luz, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,203 (100%) |
| Owner Occupied HU | 857 (71.2%) |
| Renter Occupied HU | 163 (13.5%) |
| Vacant Housing Units | 183 (15.2%) |
| Median Home Value | $252,523 |
| Average Home Value | $270,741 |
Housing Distribution
Address Breakdown
Residential
807
Single Family
807
Multi-Family
0
Businesses
68
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A