1405 Santa Clara DrEspanolaNM87532
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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 Espanola at 1405 Santa Clara Dr, Espanola, NM, 87532 uses $117,683 cash to close to unlock $3,070/yr annual cash flow and $256/mo monthly cash flow. Total monthly income runs $2,340/mo, and a $1,738/mo payment keeps the spread at $256/mo. Purchase price stands at $355,000, and rental yield measures 7.91% with $2,340/mo rent. Return on cash invested shows 22.52% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 116.41% and total cumulative return in cash records $136,992. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,340/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87532, Espanola, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,733 (100%) |
| Owner Occupied HU | 5,775 (66.1%) |
| Renter Occupied HU | 2,181 (25.0%) |
| Vacant Housing Units | 777 ( 8.9%) |
| Median Home Value | $277,277 |
| Average Home Value | $313,276 |
Housing Distribution
Address Breakdown
Residential
4,070
Single Family
3,956
Multi-Family
114
Businesses
449
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Listed by: Jesse Vigil • Coldwell Banker Legacy 8200
Mls Name: SFARMLS
Mls Provider:
Mls ID: #202403154
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.