1405 Vegas Verdes Dr #332Santa 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 #332, Santa Fe, NM, 87507 listed at $339,000 pairs $2,111/mo rent with a $1,659/mo payment to leave $121/mo cash flow. Total monthly income runs $2,111/mo, and annual cash flow reaches $1,458/yr on $112,379 cash to close. Return on cash invested measures 21.21% in year one, and rental yield registers 7.47% at a $339,000 basis. Equity gained on principal adds $2,188/yr, and annual property appreciation at 5% supports $93,659 by year five. Five-year ROI tracks 109.39% and total cumulative return in cash totals $122,932. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,111/mo property income relative to a $1,659/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2008
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: Sara Sacra • Sotheby's Int. RE/Grant
Mls Name: SFARMLS
Mls ID: #202505070