1308 Espejo Rd SWRio RanchoNM87124
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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 Rio Rancho at 1308 Espejo Rd SW, Rio Rancho, NM, 87124 priced at $230,000 converts $1,928/mo rent into $578/mo cash flow after a $1,126/mo obligation. Total monthly income equals $1,928/mo, and annual cash flow totals $6,933/yr on $76,245 invested. Return on cash invested prints 29% in year one, and rental yield reads 10.06% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 151.18% and total cumulative return in cash sums $115,267. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,928/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Manufactured
Built in 1980
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87124, Rio Rancho, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,192 (100%) |
| Owner Occupied HU | 18,505 (76.5%) |
| Renter Occupied HU | 4,704 (19.4%) |
| Vacant Housing Units | 983 ( 4.1%) |
| Median Home Value | $324,394 |
| Average Home Value | $348,805 |
Housing Distribution
Address Breakdown
Residential
23,503
Single Family
21,690
Multi-Family
1,813
Businesses
1,117
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Listed by: Heidy Alexandra Gracia Sandoval • Southwest Realty
Mls Name: SWMLS
Mls Provider:
Mls ID: #1065867
Disclaimer: Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumers personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.