1132 N Laguna AveFarmingtonNM87401
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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 Farmington at 1132 N Laguna Ave, Farmington, NM, 87401 priced at $228,300 converts $1,876/mo rent into $536/mo cash flow after a $1,117/mo obligation. Total monthly income equals $1,876/mo, and annual cash flow totals $6,437/yr on $75,681 invested. Return on cash invested prints 28.41% in year one, and rental yield reads 9.86% against a $228,300 entry. Equity gained on principal adds $1,473/yr, while 5% annual appreciation compiles into $63,075 by year five. Five-year ROI reaches 148.08% and total cumulative return in cash sums $112,069. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,876/mo property income covering a $1,117/mo payment, not borrower’s personal income.
Single Family
Built in 1953
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87401, Farmington, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,834 (100%) |
| Owner Occupied HU | 11,679 (58.9%) |
| Renter Occupied HU | 6,029 (30.4%) |
| Vacant Housing Units | 2,126 (10.7%) |
| Median Home Value | $209,464 |
| Average Home Value | $224,904 |
Housing Distribution
Address Breakdown
Residential
15,432
Single Family
14,640
Multi-Family
792
Businesses
1,527
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Listed by: N/A • N/A
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