1340 Avenida Rincon UNIT 302Santa FeNM87506
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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 1340 Avenida Rincon UNIT 302, Santa Fe, NM, 87506 earns from $3,337/mo rent with a $3,181/mo payment. Total monthly income totals $3,337/mo. ROI tracks 13.46% on current figures, and rental yield reads 6.16% at a $650,000 purchase. Equity gained on principal adds $4,194/yr, and 5% annual appreciation supports $179,583 over five years. Five-year ROI reaches 69.22% and total cumulative return in cash sums $148,034. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,337/mo property income instead of your personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
$699 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87506, Santa Fe, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,971 (100%) |
| Owner Occupied HU | 5,887 (65.6%) |
| Renter Occupied HU | 1,612 (18.0%) |
| Vacant Housing Units | 1,472 (16.4%) |
| Median Home Value | $740,284 |
| Average Home Value | $851,960 |
Housing Distribution
Address Breakdown
Residential
7,136
Single Family
6,182
Multi-Family
954
Businesses
160
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Listed by: Dan Koffman • Sotheby's Int. RE/Grant
Mls Name: SFARMLS
Mls Provider:
Mls ID: #202500973
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (IDX) program of SFAR MLS, Inc. Real estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.