1010 Patton DrGallupNM87301
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Gallup at 1010 Patton Dr, Gallup, NM, 87301 uses $72,897 cash to close to unlock $9,571/yr annual cash flow and $798/mo monthly cash flow. Total monthly income runs $2,088/mo, and a $1,076/mo payment keeps the spread at $798/mo. Purchase price stands at $219,900, and rental yield measures 11.39% with $2,088/mo rent. Return on cash invested shows 33.04% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 172.85% and total cumulative return in cash records $126,004. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,088/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Manufactured
Built in 2011
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87301, Gallup, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,490 (100%) |
| Owner Occupied HU | 7,254 (58.1%) |
| Renter Occupied HU | 4,131 (33.1%) |
| Vacant Housing Units | 1,105 ( 8.8%) |
| Median Home Value | $112,050 |
| Average Home Value | $166,876 |
Housing Distribution
Address Breakdown
Residential
6,941
Single Family
6,583
Multi-Family
358
Businesses
983
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason Valentine • Coldwell Banker High Desert Realty
Mls Name: New Mexico MLS
Mls ID: #20254757