1245 Jelso AveGrantsNM87020
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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 Grants at 1245 Jelso Ave, Grants, NM, 87020 priced at $297,432 converts $894/mo rent into after a $1,456/mo obligation. Total monthly income equals $894/mo. Return on cash invested prints 9.54% in year one, and rental yield reads 3.61% against a $297,432 entry. Equity gained on principal adds $1,919/yr, while 5% annual appreciation compiles into $82,175 by year five. Five-year ROI reaches 46.81% and total cumulative return in cash sums $46,150. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $894/mo property income covering a $1,456/mo payment, not borrower’s personal income.
Multi Family
Built in 1980
6,298 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87020, Grants, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,822 (100%) |
| Owner Occupied HU | 3,469 (59.6%) |
| Renter Occupied HU | 1,457 (25.0%) |
| Vacant Housing Units | 896 (15.4%) |
| Median Home Value | $155,856 |
| Average Home Value | $195,601 |
Housing Distribution
Address Breakdown
Residential
3,697
Single Family
3,474
Multi-Family
223
Businesses
428
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Listed by: Heather Porter • Re/Max Elegance
Mls Name: New Mexico MLS
Mls Provider:
Mls ID: #20245919
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange (IDX) program of the New Mexico Multi-Board MLS. Real Estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.