150 Mayeux RdCoronaNM88318
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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 Corona at 150 Mayeux Rd, Corona, NM, 88318 generates $2,562/mo in rent and, after a $1,757/mo payment, leaves $455/mo in cash flow. Total monthly income is $2,562/mo, and annual cash flow is $5,460/yr on $119,009 invested. Return on cash invested sits at 24.5% in year one, and rental yield is 8.56% on a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 127.02% and total cumulative return in cash sums $151,159. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,562/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88318, Corona, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 218 (100%) |
| Owner Occupied HU | 114 (52.3%) |
| Renter Occupied HU | 23 (10.6%) |
| Vacant Housing Units | 81 (37.2%) |
| Median Home Value | $275,000 |
| Average Home Value | $451,294 |
Housing Distribution
Address Breakdown
Residential
8
Single Family
8
Multi-Family
0
Businesses
21
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Listed by: Angie R Olivas • Cozy Cabins Real Estate DBA NM Homes & Land
Mls Name: RLCMLS
Mls ID: #132790