1601 Chaco AveGrantsNM87020
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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 Grants at 1601 Chaco Ave, Grants, NM, 87020 generates $894/mo in rent and, after a $538/mo payment, leaves $249/mo in cash flow. Total monthly income is $894/mo, and annual cash flow is $2,985/yr on $36,465 invested. Return on cash invested sits at 28.09% in year one, and rental yield is 9.75% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 146.34% and total cumulative return in cash sums $53,364. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $894/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87020, Grants, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,822 (100%) |
| Owner Occupied HU | 3,469 (59.6%) |
| Renter Occupied HU | 1,457 (25.0%) |
| Vacant Housing Units | 896 (15.4%) |
| Median Home Value | $155,856 |
| Average Home Value | $195,601 |
Housing Distribution
Address Breakdown
Residential
3,697
Single Family
3,474
Multi-Family
223
Businesses
428
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Listed by: Alene Joyner • Re/Max Alliance Realtors
Mls Name: New Mexico MLS
Mls ID: #20253233