11 & 15 Corte VargasGlorietaNM87535
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 Glorieta at 11 & 15 Corte Vargas, Glorieta, NM, 87535 listed at $459,000 pairs $1,800/mo rent with a $2,247/mo payment. Total monthly income runs $1,800/mo. Return on cash invested measures 12.85% in year one, and rental yield registers 4.71% at a $459,000 basis. Equity gained on principal adds $2,962/yr, and annual property appreciation at 5% supports $126,813 by year five. Five-year ROI tracks 64.61% and total cumulative return in cash totals $98,303. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,800/mo property income relative to a $2,247/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2007
6.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87535, Glorieta, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,046 (100%) |
| Owner Occupied HU | 687 (65.7%) |
| Renter Occupied HU | 178 (17.0%) |
| Vacant Housing Units | 181 (17.3%) |
| Median Home Value | $394,554 |
| Average Home Value | $486,954 |
Housing Distribution
Address Breakdown
Residential
483
Single Family
483
Multi-Family
0
Businesses
9
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John T. Congdon • Corcoran Plaza Properties/ Pas
Mls Name: SFARMLS
Mls ID: #202504045