1 Joshua CtEdgewoodNM87015
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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 Edgewood at 1 Joshua Ct, Edgewood, NM, 87015 listed at $399,000 pairs $3,077/mo rent with a $1,953/mo payment to leave $735/mo cash flow. Total monthly income runs $3,077/mo, and annual cash flow reaches $8,820/yr on $132,269 cash to close. Return on cash invested measures 26.58% in year one, and rental yield registers 9.25% at a $399,000 basis. Equity gained on principal adds $2,575/yr, and annual property appreciation at 5% supports $110,236 by year five. Five-year ROI tracks 138.17% and total cumulative return in cash totals $182,762. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,077/mo property income relative to a $1,953/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1996
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87015, Edgewood, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,790 (100%) |
| Owner Occupied HU | 4,677 (80.8%) |
| Renter Occupied HU | 516 ( 8.9%) |
| Vacant Housing Units | 597 (10.3%) |
| Median Home Value | $346,191 |
| Average Home Value | $362,049 |
Housing Distribution
Address Breakdown
Residential
4,709
Single Family
4,690
Multi-Family
19
Businesses
246
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Listed by: Michael T Dunn • Coldwell Banker Legacy
Mls Name: SWMLS
Mls ID: #1089799