140 Nicky LnCorralesNM87048
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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 Corrales at 140 Nicky Ln, Corrales, NM, 87048 priced at $879,900 converts $2,300/mo rent into after a $4,307/mo obligation. Total monthly income equals $2,300/mo. Return on cash invested prints 8.18% in year one, and rental yield reads 3.14% against a $879,900 entry. Equity gained on principal adds $5,678/yr, while 5% annual appreciation compiles into $243,100 by year five. Five-year ROI reaches 39.53% and total cumulative return in cash sums $114,421. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,300/mo property income covering a $4,307/mo payment, not borrower’s personal income.
Single Family
Built in 2025
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87048, Corrales, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,078 (100%) |
| Owner Occupied HU | 3,361 (82.4%) |
| Renter Occupied HU | 481 (11.8%) |
| Vacant Housing Units | 236 ( 5.8%) |
| Median Home Value | $542,565 |
| Average Home Value | $611,621 |
Housing Distribution
Address Breakdown
Residential
3,306
Single Family
3,306
Multi-Family
0
Businesses
345
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Listed by: Aaron Jackson • Capstone Realty, LLC
Mls Name: SWMLS
Mls ID: #1095279