1178 Highway 116BelenNM87002
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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 1178 Highway 116, Belen, NM, 87002 uses $74,554 cash to close to unlock $3,285/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $1,594/mo, and a $1,101/mo payment keeps the spread at $274/mo. Purchase price stands at $224,900, and rental yield measures 8.51% with $1,594/mo rent. Return on cash invested shows 24.31% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 126.06% and total cumulative return in cash records $93,985. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,594/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Manufactured
Built in 1996
2.78 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: Nancy A Montoya • Century 21 Champions
Mls Name: SWMLS
Mls ID: #1097464