1004 Mineral WaySocorroNM87801
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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 Socorro at 1004 Mineral Way, Socorro, NM, 87801 earns $669/mo cash flow from $1,696/mo rent with a $740/mo payment. Total monthly income totals $1,696/mo, and annual cash flow totals $8,023/yr on $50,123 capital. ROI tracks 35.92% on current figures, and rental yield reads 13.46% at a $151,200 purchase. Equity gained on principal adds $976/yr, and 5% annual appreciation supports $41,774 over five years. Five-year ROI reaches 189.49% and total cumulative return in cash sums $94,979. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,696/mo property income instead of your personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$140 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87801, Socorro, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,906 (100%) |
| Owner Occupied HU | 2,609 (53.2%) |
| Renter Occupied HU | 1,620 (33.0%) |
| Vacant Housing Units | 677 (13.8%) |
| Median Home Value | $170,167 |
| Average Home Value | $181,381 |
Housing Distribution
Address Breakdown
Residential
3,705
Single Family
3,597
Multi-Family
108
Businesses
384
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Listed by: N/A • N/A
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