1357 Rio Rancho Blvd SE #BRio 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
Investment property for sale in Rio Rancho at 1357 Rio Rancho Blvd SE #B, Rio Rancho, NM, 87124 uses $54,035 cash to close to unlock $6,685/yr annual cash flow and $557/mo monthly cash flow. Total monthly income runs $1,514/mo, and a $798/mo payment keeps the spread at $557/mo. Purchase price stands at $163,000, and rental yield measures 11.15% with $1,514/mo rent. Return on cash invested shows 32.28% in year one, and 5% annual appreciation builds toward $45,034 over five years. Five-year ROI reaches 168.86% and total cumulative return in cash records $91,243. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,514/mo property income covering a $798/mo payment rather than investor’s personal income.
Condo
Built in 1966
435.60 sqft 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: Desiree Barton • Property Partners Inc.
Mls Name: SWMLS
Mls ID: #1092741