114 Veronica CtCorralesNM87048
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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 Corrales at 114 Veronica Ct, Corrales, NM, 87048 priced at $975,000 converts $3,852/mo rent into after a $4,772/mo obligation. Total monthly income equals $3,852/mo. Return on cash invested prints 13.06% in year one, and rental yield reads 4.74% against a $975,000 entry. Equity gained on principal adds $6,292/yr, while 5% annual appreciation compiles into $269,375 by year five. Five-year ROI reaches 65.67% and total cumulative return in cash sums $210,663. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,852/mo property income covering a $4,772/mo payment, not borrower’s personal income.
Single Family
Built in 1999
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87048, Corrales, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,078 (100%) |
| Owner Occupied HU | 3,361 (82.4%) |
| Renter Occupied HU | 481 (11.8%) |
| Vacant Housing Units | 236 ( 5.8%) |
| Median Home Value | $542,565 |
| Average Home Value | $611,621 |
Housing Distribution
Address Breakdown
Residential
3,306
Single Family
3,306
Multi-Family
0
Businesses
345
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Listed by: Nyshalynn B Livingston • MORE Realty, Inc
Mls Name: SWMLS
Mls ID: #1096955