1294 Highway 116BelenNM87002
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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 Belen at 1294 Highway 116, Belen, NM, 87002 generates $1,158/mo in rent and, after a $636/mo payment, leaves $395/mo in cash flow. Total monthly income is $1,158/mo, and annual cash flow is $4,743/yr on $43,095 invested. Return on cash invested sits at 30.91% in year one, and rental yield is 10.69% on a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 161.54% and total cumulative return in cash sums $69,615. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,158/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87002, Belen, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,289 (100%) |
| Owner Occupied HU | 6,502 (70.0%) |
| Renter Occupied HU | 1,915 (20.6%) |
| Vacant Housing Units | 872 ( 9.4%) |
| Median Home Value | $214,461 |
| Average Home Value | $234,200 |
Housing Distribution
Address Breakdown
Residential
8,366
Single Family
8,250
Multi-Family
116
Businesses
579
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Listed by: Jessica B Madrid-Garcia • Endeavor Realty
Mls Name: SWMLS
Mls ID: #1093597