1506 Montana Vista StEspanolaNM87532
Nearby investment properties with comparable rents
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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 Espanola at 1506 Montana Vista St, Espanola, NM, 87532 offers $2,340/mo rent that, after a $2,232/mo payment. Total monthly income is $2,340/mo. Return on cash invested measures 16.79% in year one, and rental yield stands at 6.16% at a $456,000 entry. Equity gained on principal adds $2,943/yr while 5% annual appreciation compounds into $125,984 by year five. Five-year ROI records 85.84% and total cumulative return in cash reaches $129,762. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,340/mo property income versus a $2,232/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
0.67 Acres lot
$N/A/sqft
$50 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87532, Espanola, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,733 (100%) |
| Owner Occupied HU | 5,775 (66.1%) |
| Renter Occupied HU | 2,181 (25.0%) |
| Vacant Housing Units | 777 ( 8.9%) |
| Median Home Value | $277,277 |
| Average Home Value | $313,276 |
Housing Distribution
Address Breakdown
Residential
4,070
Single Family
3,956
Multi-Family
114
Businesses
449
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Listed by: Kristy A. Ortega • RE MAX First
Mls Name: SFARMLS
Mls Provider:
Mls ID: #202402875
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.