1104 Dillon AveBelenNM87002
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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
Investment property for sale in Belen at 1104 Dillon Ave, Belen, NM, 87002 uses $36,465 cash to close to unlock $2,222/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $838/mo, and a $538/mo payment keeps the spread at $185/mo. Purchase price stands at $110,000, and rental yield measures 9.14% with $838/mo rent. Return on cash invested shows 26% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 135.32% and total cumulative return in cash records $49,344. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $838/mo property income covering a $538/mo payment rather than investor’s personal income.
Home Type Unknown
Built in 1950
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87002, Belen, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,289 (100%) |
| Owner Occupied HU | 6,502 (70.0%) |
| Renter Occupied HU | 1,915 (20.6%) |
| Vacant Housing Units | 872 ( 9.4%) |
| Median Home Value | $214,461 |
| Average Home Value | $234,200 |
Housing Distribution
Address Breakdown
Residential
8,366
Single Family
8,250
Multi-Family
116
Businesses
579
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Listed by: N/A • N/A
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Mls ID: #N/A