116 Monroe CtSan PatricioNM88348
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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 San Patricio at 116 Monroe Ct, San Patricio, NM, 88348 priced at $425,000 pairs $0/mo rent with after a $2,080/mo payment. Total monthly income equals $0/mo. Return on cash invested is -1.34% in year one, and rental yield stands at 0% on a $425,000 basis. Equity gained on principal adds $2,742/yr, and 5% annual appreciation accumulates to $117,420 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $2,080/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
1.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88348, San Patricio, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 261 (100%) |
| Owner Occupied HU | 156 (59.8%) |
| Renter Occupied HU | 35 (13.4%) |
| Vacant Housing Units | 70 (26.8%) |
| Median Home Value | $350,000 |
| Average Home Value | $435,849 |
Housing Distribution
Address Breakdown
Residential
105
Single Family
105
Multi-Family
0
Businesses
3
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No similar rental properties found nearby.
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Listed by: Chad Casson • NM Ranch & Luxury, LLC
Mls Name: RLCMLS
Mls ID: #133392