115 Espinosa RdCorralesNM87048
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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 Corrales at 115 Espinosa Rd, Corrales, NM, 87048 earns $26/mo cash flow from $3,072/mo rent with a $2,540/mo payment. Total monthly income totals $3,072/mo, and annual cash flow totals $312/yr on $170,751 capital. ROI tracks 20.24% on current figures, and rental yield reads 7.1% at a $519,000 purchase. Equity gained on principal adds $3,349/yr, and 5% annual appreciation supports $143,390 over five years. Five-year ROI reaches 104.17% and total cumulative return in cash sums $177,873. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,072/mo property income instead of your personal income.
Single Family
Built in 2003
10,018 sqft 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: Katherine Gilmore Mosley • Vista Encantada Realtors, LLC
Mls Name: SWMLS
Mls ID: #1089236