126 Mikaela RdCorralesNM87048
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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 Corrales at 126 Mikaela Rd, Corrales, NM, 87048 priced at $720,000 converts $3,074/mo rent into after a $3,524/mo obligation. Total monthly income equals $3,074/mo. Return on cash invested prints 14.22% in year one, and rental yield reads 5.12% against a $720,000 entry. Equity gained on principal adds $4,646/yr, while 5% annual appreciation compiles into $198,923 by year five. Five-year ROI reaches 71.89% and total cumulative return in cash sums $170,299. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,074/mo property income covering a $3,524/mo payment, not borrower’s personal income.
Single Family
Built in 1994
0.75 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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Listed by: Monica Feliz Syverson • Keller Williams Realty
Mls Name: SWMLS
Mls ID: #1092930