11 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
Total monthly income runs $1,800/mo, and a $1,640/mo payment. Purchase price stands at $335,000, and rental yield measures 6.45% with $1,800/mo rent. Return on cash invested shows 18.11% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 92.8% and total cumulative return in cash records $103,052. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Manufactured
Built in 2007
1.03 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: James Congdon • Corcoran Plaza Properties
Mls Name: SFARMLS
Mls ID: #202504959