90 Sheridan RdLas VegasNM87701
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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 Las Vegas at 90 Sheridan Rd, Las Vegas, NM, 87701 offers $1,200/mo rent that, after a $2,198/mo payment. Total monthly income is $1,200/mo. Return on cash invested measures 8.33% in year one, and rental yield stands at 3.21% at a $449,000 entry. Equity gained on principal adds $2,897/yr while 5% annual appreciation compounds into $124,050 by year five. Five-year ROI records 40.36% and total cumulative return in cash reaches $60,076. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,200/mo property income versus a $2,198/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
9.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87701, Las Vegas, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,501 (100%) |
| Owner Occupied HU | 5,249 (55.2%) |
| Renter Occupied HU | 2,530 (26.6%) |
| Vacant Housing Units | 1,722 (18.1%) |
| Median Home Value | $177,666 |
| Average Home Value | $208,458 |
Housing Distribution
Address Breakdown
Residential
7,507
Single Family
7,488
Multi-Family
19
Businesses
725
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Listed by: Jessica Sena • Nm360 Real Estate
Mls Name: New Mexico MLS
Mls ID: #20254601