1209 Lewis DrSocorroNM87801
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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
Total monthly income runs $960/mo, and a $1,174/mo payment. Purchase price stands at $239,900, and rental yield measures 4.8% with $960/mo rent. Return on cash invested shows 13.15% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 66.24% and total cumulative return in cash records $52,675. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $960/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 1972
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87801, Socorro, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,906 (100%) |
| Owner Occupied HU | 2,609 (53.2%) |
| Renter Occupied HU | 1,620 (33.0%) |
| Vacant Housing Units | 677 (13.8%) |
| Median Home Value | $170,167 |
| Average Home Value | $181,381 |
Housing Distribution
Address Breakdown
Residential
3,705
Single Family
3,597
Multi-Family
108
Businesses
384
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Listed by: Karolyn M Chavez • Realty One of New Mexico
Mls Name: SWMLS
Mls ID: #1092000