104 Park CirBloomfieldNM87413
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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
Rental property for sale in Bloomfield at 104 Park Cir, Bloomfield, NM, 87413 priced at $350,000 converts $2,282/mo rent into $228/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,282/mo, and annual cash flow totals $2,733/yr on $116,025 invested. Return on cash invested prints 22.26% in year one, and rental yield reads 7.82% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 115.06% and total cumulative return in cash sums $133,502. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,282/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 2007
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87413, Bloomfield, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,692 (100%) |
| Owner Occupied HU | 3,688 (64.8%) |
| Renter Occupied HU | 1,332 (23.4%) |
| Vacant Housing Units | 672 (11.8%) |
| Median Home Value | $204,293 |
| Average Home Value | $249,393 |
Housing Distribution
Address Breakdown
Residential
4,502
Single Family
4,452
Multi-Family
50
Businesses
296
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Listed by: Marla D Armenta • absolute Realty
Mls Name: SJCMLS
Mls ID: #25-1593