13 Sky Ridge DrSanta FeNM87508
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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 13 Sky Ridge Dr, Santa Fe, NM, 87508 with 5% annual appreciation on a $440,000 basis while $3,137/mo rent supports operations. Total monthly income totals $3,137/mo and a $2,154/mo payment preserves $554/mo for cash returns. Annual cash flow comes to $6,648/yr on $145,860 deployed, and return on cash invested reaches 24.47% in year one. Equity gained on principal adds $2,839/yr, and five-year appreciation sums $121,564 alongside rental yield of 8.56%. Five-year ROI measures 126.85% and total cumulative return in cash totals $185,026.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,137/mo property income versus a $2,154/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2013
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87508, Santa Fe, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,135 (100%) |
| Owner Occupied HU | 7,361 (80.6%) |
| Renter Occupied HU | 1,153 (12.6%) |
| Vacant Housing Units | 621 ( 6.8%) |
| Median Home Value | $610,899 |
| Average Home Value | $678,724 |
Housing Distribution
Address Breakdown
Residential
8,472
Single Family
8,472
Multi-Family
0
Businesses
303
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Listed by: Selling The Sandias • EXP Realty LLC
Mls Name: SWMLS
Mls ID: #1093011