1016 La Cienega RdEl PradoNM87529
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 El Prado at 1016 La Cienega Rd, El Prado, NM, 87529 offers a 6.76% rental yield on a $779,000 purchase with $4,386/mo rent. 19% in year one. Equity gained on principal adds $5,027/yr while 5% annual appreciation supports $215,223 over five years. Portfolio math shows five-year ROI at 98.52% and total cumulative return in cash at $252,494. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,386/mo property income against a $3,813/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87529, El Prado, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,722 (100%) |
| Owner Occupied HU | 2,251 (60.5%) |
| Renter Occupied HU | 726 (19.5%) |
| Vacant Housing Units | 745 (20.0%) |
| Median Home Value | $530,373 |
| Average Home Value | $557,665 |
Housing Distribution
Address Breakdown
Residential
685
Single Family
683
Multi-Family
2
Businesses
91
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marci Kipnis • Coldwell Banker Mountain Properties
Mls Name: Enchanted Circle
Mls ID: #114012