1007 W Castillo AveBelenNM87002
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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 Belen at 1007 W Castillo Ave, Belen, NM, 87002 offers a 9.26% rental yield on a $150,000 purchase with $1,158/mo rent. Total monthly income registers $1,158/mo, and a $734/mo payment leaves $278/mo available for distribution. Annual cash flow reaches $3,333/yr on $49,725 to close, and return on cash invested stands at 26.61% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 138.39% and total cumulative return in cash at $68,814. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,158/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87002, Belen, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,289 (100%) |
| Owner Occupied HU | 6,502 (70.0%) |
| Renter Occupied HU | 1,915 (20.6%) |
| Vacant Housing Units | 872 ( 9.4%) |
| Median Home Value | $214,461 |
| Average Home Value | $234,200 |
Housing Distribution
Address Breakdown
Residential
8,366
Single Family
8,250
Multi-Family
116
Businesses
579
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Listed by: Dina L. Armijo • EXP Realty LLC
Mls Name: SWMLS
Mls ID: #1095837