134 San Lucas AveBelenNM87002
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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 134 San Lucas Ave, Belen, NM, 87002 priced at $305,000 converts $2,364/mo rent into $574/mo cash flow after a $1,493/mo obligation. Total monthly income equals $2,364/mo, and annual cash flow totals $6,884/yr on $101,108 invested. Return on cash invested prints 26.72% in year one, and rental yield reads 9.3% against a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation compiles into $84,266 by year five. Five-year ROI reaches 138.94% and total cumulative return in cash sums $140,482. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,364/mo property income covering a $1,493/mo payment, not borrower’s personal income.
Single Family
Built in 2023
9,147 sqft 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: Loedesta S Silva • Realty One of New Mexico
Mls Name: SWMLS
Mls ID: #1096171