106 Madrid StSanta TeresaNM88008
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Santa Teresa rental at 106 Madrid St, Santa Teresa, NM, 88008 sits in the solid-income band: 8.21% gross yield, $2,160/mo rent, $308/mo net after the $1,419/mo debt service, DSCR 1.52. Entry price of $315,535 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $87,177 and $2,906/yr in principal reduction bring total cumulative return to $139,061.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 3.8% |
| Monthly Cash Flow | $308 | $285 |
City averages based on Santa Teresa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,160 |
| Total Monthly Debt Service | $1,726 |
| DSCR Ratio | 1.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 2025
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88008, Santa Teresa, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,131 (100%) |
| Owner Occupied HU | 3,152 (76.3%) |
| Renter Occupied HU | 806 (19.5%) |
| Vacant Housing Units | 173 ( 4.2%) |
| Median Home Value | $245,600 |
| Average Home Value | $290,603 |
Housing Distribution
Address Breakdown
Residential
3,740
Single Family
3,421
Multi-Family
319
Businesses
253
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 2025
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88008, Santa Teresa, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,131 (100%) |
| Owner Occupied HU | 3,152 (76.3%) |
| Renter Occupied HU | 806 (19.5%) |
| Vacant Housing Units | 173 ( 4.2%) |
| Median Home Value | $245,600 |
| Average Home Value | $290,603 |
Housing Distribution
Address Breakdown
Residential
3,740
Single Family
3,421
Multi-Family
319
Businesses
253
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vania Gabriela Castaneda • Home Pros Real Estate Group New Mexico
Mls Name: SNMMLS
Mls ID: #2501788