1508 Kachina Ridge DrSanta 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 1508 Kachina Ridge Dr, Santa Fe, NM, 87507 generates $4,440/mo in rent and, after a $2,687/mo payment, leaves $1,218/mo in cash flow. Total monthly income is $4,440/mo, and annual cash flow is $14,613/yr on $180,621 invested. Return on cash invested sits at 28.15% in year one, and rental yield is 9.7% on a $549,000 entry. Equity gained on principal adds $3,543/yr, while 5% annual appreciation builds toward $151,679 over five years. Five-year ROI reaches 146.58% and total cumulative return in cash sums $264,752. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,440/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
6,098 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
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Listed by: Jeffrey Jerome Leyba • Red or Green Properties
Mls Name: SFARMLS
Mls ID: #202504096