1405 Vegas Verdes Dr #341Santa 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
Rental property for sale in Santa Fe at 1405 Vegas Verdes Dr #341, Santa Fe, NM, 87507 generates $2,111/mo in rent and, after a $1,297/mo payment, leaves $218/mo in cash flow. Total monthly income is $2,111/mo, and annual cash flow is $2,611/yr on $87,848 invested. Return on cash invested sits at 22.88% in year one, and rental yield is 9.56% on a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 120.05% and total cumulative return in cash sums $105,459. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,111/mo property income rather than buyer’s personal income.
Condo
Built in 2007
1,742 sqft lot
$N/A/sqft
$338 monthly 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: Sarah Nelson • EXIT Realty Vista
Mls Name: SFARMLS
Mls Provider:
Mls ID: #202501826
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.