993 Gavilan Canyon RdRuidosoNM88345
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 Ruidoso at 993 Gavilan Canyon Rd, Ruidoso, NM, 88345 generates $1,904/mo in rent and, after a $1,346/mo payment, leaves $290/mo in cash flow. Total monthly income is $1,904/mo, and annual cash flow is $3,479/yr on $91,163 invested. Return on cash invested sits at 23.72% in year one, and rental yield is 8.31% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 122.89% and total cumulative return in cash sums $112,031. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,904/mo property income rather than buyer’s personal income.
Manufactured
Built in 1970
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88345, Ruidoso, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,209 (100%) |
| Owner Occupied HU | 2,960 (32.1%) |
| Renter Occupied HU | 1,086 (11.8%) |
| Vacant Housing Units | 5,163 (56.1%) |
| Median Home Value | $259,653 |
| Average Home Value | $394,541 |
Housing Distribution
Address Breakdown
Residential
3,516
Single Family
3,389
Multi-Family
127
Businesses
574
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brittany Wilson • Pinnacle Real Estate & Dev
Mls Name: RLCMLS
Mls ID: #133469