905 Wood StHopeNM88250
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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
Investment property for sale in Hope at 905 Wood St, Hope, NM, 88250 offers a 0% rental yield on a $365,000 purchase with $0/mo rent. 33% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
3.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88250, Hope, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 130 (100%) |
| Owner Occupied HU | 66 (50.8%) |
| Renter Occupied HU | 24 (18.5%) |
| Vacant Housing Units | 40 (30.8%) |
| Median Home Value | $300,000 |
| Average Home Value | $404,053 |
Housing Distribution
Address Breakdown
Residential
13
Single Family
13
Multi-Family
0
Businesses
10
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Listed by: Ramona Kilpatrick • Re/Max Axiom
Mls Name: New Mexico MLS
Mls ID: #20253784