118 Sandia View RdCorralesNM87048
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 118 Sandia View Rd, Corrales, NM, 87048 at $299,000 posts ROI 24.58% with $385/mo cash flow from $2,140/mo rent. Total monthly income equals $2,140/mo, and annual cash flow records $4,626/yr on $99,119 to close. Return on cash invested measures 24.58% and rental yield reads 8.59% at the current $299,000. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 by year five. Five-year ROI prints 127.47% and total cumulative return in cash totals $126,346.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,140/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1977
0.69 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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Nearby investment properties with comparable prices
Listed by: Melissa Jo Moya • Weichert, Realtors Image
Mls Name: SWMLS
Mls ID: #1087334