1021 N Gladeview DrFarmingtonNM87401
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingInvestors approaching the U.S. market with capital-preservation in mind will find 1021 N Gladeview Dr, Farmington, NM, 87401 in Farmington aligned with their strategy. Rental yield 6.2%. DSCR 1.15 and 6.2% yield provide a sound foundation. Ziffy Mortgage's DSCR program enables non-U.S. residents to acquire without domestic credit. Over five years, 5% appreciation and $1,980/yr in paydown build toward a projected cumulative return of $71,476.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.2% | 7.8% |
| Monthly Cash Flow | $(152) | $850 |
City averages based on Farmington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,110 |
| Total Monthly Debt Service | $1,176 |
| DSCR Ratio | 0.94x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1962
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87401, Farmington, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,834 (100%) |
| Owner Occupied HU | 11,679 (58.9%) |
| Renter Occupied HU | 6,029 (30.4%) |
| Vacant Housing Units | 2,126 (10.7%) |
| Median Home Value | $209,464 |
| Average Home Value | $224,904 |
Housing Distribution
Address Breakdown
Residential
15,432
Single Family
14,640
Multi-Family
792
Businesses
1,527
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
Single Family
Built in 1962
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87401, Farmington, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,834 (100%) |
| Owner Occupied HU | 11,679 (58.9%) |
| Renter Occupied HU | 6,029 (30.4%) |
| Vacant Housing Units | 2,126 (10.7%) |
| Median Home Value | $209,464 |
| Average Home Value | $224,904 |
Housing Distribution
Address Breakdown
Residential
15,432
Single Family
14,640
Multi-Family
792
Businesses
1,527
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Theresa L Van Riper • Real Estate PROS
Mls Name: SJCMLS
Mls Provider:
Mls ID: #25-955
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.