1302 N Gladeview DrFarmingtonNM87401
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Farmington at 1302 N Gladeview Dr, Farmington, NM, 87401 at $225,000 posts ROI 26.08% with $384/mo cash flow from $1,704/mo rent. Total monthly income equals $1,704/mo, and annual cash flow records $4,603/yr on $74,588 to close. Return on cash invested measures 26.08% and rental yield reads 9.09% at the current $225,000. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 by year five. Five-year ROI prints 135.53% and total cumulative return in cash totals $101,085.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,704/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1960
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87401, Farmington, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,834 (100%) |
| Owner Occupied HU | 11,679 (58.9%) |
| Renter Occupied HU | 6,029 (30.4%) |
| Vacant Housing Units | 2,126 (10.7%) |
| Median Home Value | $209,464 |
| Average Home Value | $224,904 |
Housing Distribution
Address Breakdown
Residential
15,432
Single Family
14,640
Multi-Family
792
Businesses
1,527
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica R Rogers • R1 New Mexico Farmington
Mls Name: SJCMLS
Mls Provider:
Mls ID: #25-520
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.