11 Canyon Ridge DrSandia ParkNM87047
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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 Sandia Park at 11 Canyon Ridge Dr, Sandia Park, NM, 87047 generates $4,700/mo in rent and, after a $3,230/mo payment, leaves $827/mo in cash flow. Total monthly income is $4,700/mo, and annual cash flow is $9,918/yr on $217,140 invested. Return on cash invested sits at 24.63% in year one, and rental yield is 8.55% on a $660,000 entry. Equity gained on principal adds $4,259/yr, while 5% annual appreciation builds toward $182,346 over five years. Five-year ROI reaches 127.7% and total cumulative return in cash sums $277,281. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,700/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
1.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87047, Sandia Park, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,690 (100%) |
| Owner Occupied HU | 2,208 (82.1%) |
| Renter Occupied HU | 193 ( 7.2%) |
| Vacant Housing Units | 289 (10.7%) |
| Median Home Value | $460,325 |
| Average Home Value | $531,024 |
Housing Distribution
Address Breakdown
Residential
2,285
Single Family
2,285
Multi-Family
0
Businesses
87
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Listed by: Susan Storan Umurhan • RE/MAX SELECT
Mls Name: SWMLS
Mls ID: #1093711