1407 El Camino Real StSocorroNM87801
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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 Socorro at 1407 El Camino Real St, Socorro, NM, 87801 offers a 8.96% rental yield on a $179,000 purchase with $1,337/mo rent. Total monthly income registers $1,337/mo, and a $876/mo payment leaves $286/mo available for distribution. Annual cash flow reaches $3,438/yr on $59,339 to close, and return on cash invested stands at 25.7% in year one. Equity gained on principal adds $1,155/yr while 5% annual appreciation supports $49,454 over five years. Portfolio math shows five-year ROI at 133.52% and total cumulative return in cash at $79,227. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,337/mo property income against a $876/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87801, Socorro, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,906 (100%) |
| Owner Occupied HU | 2,609 (53.2%) |
| Renter Occupied HU | 1,620 (33.0%) |
| Vacant Housing Units | 677 (13.8%) |
| Median Home Value | $170,167 |
| Average Home Value | $181,381 |
Housing Distribution
Address Breakdown
Residential
3,705
Single Family
3,597
Multi-Family
108
Businesses
384
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Listed by: Laura Blackwell Jordan • Keller Williams Realty
Mls Name: SWMLS
Mls ID: #1093143