151 Calle Ojo Feliz UNIT TSanta FeNM87505
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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 151 Calle Ojo Feliz UNIT T, Santa Fe, NM, 87505 generates $2,796/mo in rent and, after a $1,224/mo payment, leaves $1,328/mo in cash flow. Total monthly income is $2,796/mo, and annual cash flow is $15,939/yr on $82,875 invested. Return on cash invested sits at 39.14% in year one, and rental yield is 13.42% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 205.59% and total cumulative return in cash sums $170,386. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,796/mo property income rather than buyer’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87505, Santa Fe, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,151 (100%) |
| Owner Occupied HU | 9,407 (51.8%) |
| Renter Occupied HU | 6,744 (37.2%) |
| Vacant Housing Units | 2,000 (11.0%) |
| Median Home Value | $592,421 |
| Average Home Value | $707,240 |
Housing Distribution
Address Breakdown
Residential
16,208
Single Family
14,304
Multi-Family
1,904
Businesses
2,002
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Listed by: Kelly R. Allen • Real Broker LLC.
Mls Name: SFARMLS
Mls ID: #202504926