1250 Avenida Morelia UNIT 101Santa FeNM87506
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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 Santa Fe at 1250 Avenida Morelia UNIT 101, Santa Fe, NM, 87506 uses $144,700 cash to close to unlock $317/yr annual cash flow and $26/mo monthly cash flow. Total monthly income runs $2,588/mo, and a $2,136/mo payment keeps the spread at $26/mo. Purchase price stands at $436,500, and rental yield measures 7.11% with $2,588/mo rent. Return on cash invested shows 20.13% in year one, and 5% annual appreciation builds toward $120,597 over five years. Five-year ROI reaches 103.61% and total cumulative return in cash records $149,919. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,588/mo property income covering a $2,136/mo payment rather than investor’s personal income.
Apartment
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87506, Santa Fe, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,971 (100%) |
| Owner Occupied HU | 5,887 (65.6%) |
| Renter Occupied HU | 1,612 (18.0%) |
| Vacant Housing Units | 1,472 (16.4%) |
| Median Home Value | $740,284 |
| Average Home Value | $851,960 |
Housing Distribution
Address Breakdown
Residential
7,136
Single Family
6,182
Multi-Family
954
Businesses
160
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