1 Reno RdSanta FeNM87508
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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 Santa Fe at 1 Reno Rd, Santa Fe, NM, 87508 offers $4,345/mo rent that, after a $4,356/mo payment. Total monthly income is $4,345/mo. Return on cash invested measures 16.46% in year one, and rental yield stands at 5.86% at a $890,000 entry. Equity gained on principal adds $5,743/yr while 5% annual appreciation compounds into $245,891 by year five. Five-year ROI records 83.89% and total cumulative return in cash reaches $245,632. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,345/mo property income versus a $4,356/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
1.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87508, Santa Fe, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,135 (100%) |
| Owner Occupied HU | 7,361 (80.6%) |
| Renter Occupied HU | 1,153 (12.6%) |
| Vacant Housing Units | 621 ( 6.8%) |
| Median Home Value | $610,899 |
| Average Home Value | $678,724 |
Housing Distribution
Address Breakdown
Residential
8,472
Single Family
8,472
Multi-Family
0
Businesses
303
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Listed by: Sue Garfitt • Corcoran Plaza Properties
Mls Name: SFARMLS
Mls ID: #202600038