10 Circle Rd SEdgewoodNM87015
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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 Edgewood at 10 Circle Rd S, Edgewood, NM, 87015 priced at $610,000 pairs $5,910/mo rent with $2,329/mo cash flow after a $2,986/mo payment. Total monthly income equals $5,910/mo, and annual cash flow comes to $27,951/yr on $200,690 invested. Return on cash invested is 33.99% in year one, and rental yield stands at 11.63% on a $610,000 basis. Equity gained on principal adds $3,936/yr, and 5% annual appreciation accumulates to $168,532 by year five. Five-year ROI measures 177.9% and total cumulative return in cash reaches $357,031. For financing, Ziffy Mortgage’s DSCR program evaluates $5,910/mo property income against a $2,986/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
1.75 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: Donald Lee Slack • Coldwell Banker Legacy
Mls Name: SWMLS
Mls ID: #1094248