991 State Highway 35Silver CityNM88061
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.51% yield at 991 State Highway 35, Silver City, NM, 88061 in Silver City is solid, but the $1,686/mo payment compresses net cash flow to $145/mo at $375,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $103,606 by year five, and $3,454/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.39) without U.S. income documentation. Total projected return: $151,040.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 6.2% |
| Monthly Cash Flow | $145 | $450 |
City averages based on Silver City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,346 |
| Total Monthly Debt Service | $2,052 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2010
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88061, Silver City, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,958 (100%) |
| Owner Occupied HU | 5,354 (59.8%) |
| Renter Occupied HU | 2,264 (25.3%) |
| Vacant Housing Units | 1,340 (15.0%) |
| Median Home Value | $217,889 |
| Average Home Value | $241,339 |
Housing Distribution
Address Breakdown
Residential
7,140
Single Family
6,980
Multi-Family
160
Businesses
597
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
Single Family
Built in 2010
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88061, Silver City, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,958 (100%) |
| Owner Occupied HU | 5,354 (59.8%) |
| Renter Occupied HU | 2,264 (25.3%) |
| Vacant Housing Units | 1,340 (15.0%) |
| Median Home Value | $217,889 |
| Average Home Value | $241,339 |
Housing Distribution
Address Breakdown
Residential
7,140
Single Family
6,980
Multi-Family
160
Businesses
597
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ruth Ann Burkman • The Real Estate Power Houses
Mls Name: SNMMLS
Mls ID: #2502931