110 Appaloosa TrlCoronaNM88318
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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 Corona at 110 Appaloosa Trl, Corona, NM, 88318 priced at $475,000 converts $0/mo rent into after a $2,325/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -1.34% in year one, and rental yield reads 0% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in 2014
21.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88318, Corona, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 218 (100%) |
| Owner Occupied HU | 114 (52.3%) |
| Renter Occupied HU | 23 (10.6%) |
| Vacant Housing Units | 81 (37.2%) |
| Median Home Value | $275,000 |
| Average Home Value | $451,294 |
Housing Distribution
Address Breakdown
Residential
8
Single Family
8
Multi-Family
0
Businesses
21
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No similar rental properties found nearby.
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Listed by: Jimmie D Norris • EXP Realty LLC
Mls Name: SWMLS
Mls ID: #1089041