1405 Vegas Verdes Dr #205Santa FeNM87507
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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 1405 Vegas Verdes Dr #205, Santa Fe, NM, 87507 uses $107,738 cash to close to unlock $2,437/yr annual cash flow and $203/mo monthly cash flow. Total monthly income runs $2,111/mo, and a $1,591/mo payment keeps the spread at $203/mo. Purchase price stands at $325,000, and rental yield measures 7.79% with $2,111/mo rent. Return on cash invested shows 22.17% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 114.59% and total cumulative return in cash records $123,457. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,111/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87507, Santa Fe, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,535 (100%) |
| Owner Occupied HU | 14,164 (60.2%) |
| Renter Occupied HU | 7,662 (32.6%) |
| Vacant Housing Units | 1,709 ( 7.3%) |
| Median Home Value | $401,100 |
| Average Home Value | $484,457 |
Housing Distribution
Address Breakdown
Residential
21,026
Single Family
17,810
Multi-Family
3,216
Businesses
1,556
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Listed by: Margeaux Scott • Keller Williams Realty
Mls Name: SFARMLS
Mls ID: #202503333