1405 Vegas Verdes Dr #B238Santa FeNM87507
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 #B238, Santa Fe, NM, 87507 uses $132,550 cash to close to unlock $4,106/yr annual cash flow and $342/mo monthly cash flow. Total monthly income runs $2,689/mo, and a $1,957/mo payment keeps the spread at $342/mo. Purchase price stands at $399,850, and rental yield measures 8.07% with $2,689/mo rent. Return on cash invested shows 23.01% in year one, and 5% annual appreciation builds toward $110,471 over five years. Five-year ROI reaches 119.06% and total cumulative return in cash records $157,817. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,689/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Condo
Built in 2008
1,306 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher Doyle • Re/Max Alliance Realtors
Mls Name: SFARMLS
Mls ID: #202503513